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PPP Loan Data — Hildreth Fitness LLC, Hoschton, GA

ALERT: There are 2 PPP loans for a total of $54,185 in our database for businesses with the name "Hildreth Fitness LLC" in Hoschton, GA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Hildreth Fitness LLC

FRANCHISE

GA

Hildreth Fitness LLC

Entity: Limited Liability Company (LLC)

Industry: Fitness and Recreational Sports Centers

Franchise: Fit Body Boot Camp

Location: Hoschton, GA

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Hildreth Fitness LLC is a limited liability company (LLC) located at 2052 Stonewater Ct in Hoschton, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,185.00 in January, 2021. This business is a Fit Body Boot Camp franchise.

The company has reported itself as a White female veteran owned business, and employed at least thirteen people during the applicable loan loan period.

$ PPP Loan Information
Loan #4523128304

Loan Size:

$25,185

Jobs Retained:

13

Loan Approved:

2021-01-23

Loan Status:

Ongoing Loan

Lender:

Loan Source Incorporated

Hildreth Fitness LLC in Hoschton, GA received a Paycheck Protection Loan of $25,185 through Loan Source Incorporated, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Hildreth Fitness LLC's 2019 payroll expenses are estimated to be at least $120,888.

Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $9,299 per employee1

Reported PPP Proceed Usage:

On the PPP application, Hildreth Fitness LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,183
  • Utilities: $1

Business Information - Hildreth Fitness LLC in Hoschton, GA

Hildreth Fitness LLC
2052 Stonewater Ct
Hoschton, GA 30548

Business Industry:
Fitness and Recreational Sports Centers
NAICS code 713940

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Gwinnett County, GA — SBA Office 0405 — Congressional District: GA-10

Similar Companies near Hoschton

In the Hoschton area, 8 businesses in the "Fitness and Recreational Sports Centers" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 13) and received an average PPP loan of $15,566 (compared to this company's $25,185).

Industry PPP Comparison Statistics

Nationwide, 62,038 businesses in the "Fitness and Recreational Sports Centers" industry received a total of $2.97B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 12 employees, 8% lower than Hildreth Fitness LLC's reported 13 employees, and received an average PPP loan of $47,823, 90% higher than this company's loan of $25,185.

SBA PPP loan data, payroll data, and salaries for Hildreth Fitness LLC
GA

Hildreth Fitness LLC

Entity: Limited Liability Company (LLC)

Industry: Fitness and Recreational Sports Centers

Location: Hoschton, GA

Search All PPP Data

Hildreth Fitness LLC is a limited liability company (LLC) located at 2052 Stonewater Ct in Hoschton, Georgia that received a Coronavirus-related PPP loan from the SBA of $29,000.00 in April, 2020.

The company has reported itself as a female veteran owned business, and employed at least fourteen people during the applicable loan loan period.

$ PPP Loan Information
Loan #6983407309

Loan Size:

$29,000

Jobs Retained:

14

Loan Approved:

2020-04-30

Loan Status:

Paid in Full or Forgiven

Lender:

First Home Bank

Hildreth Fitness LLC in Hoschton, GA received a Paycheck Protection Loan of $29,000 through First Home Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Hildreth Fitness LLC's 2019 payroll expenses are estimated to be at least $139,200.

Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $9,943 per employee1

Reported PPP Proceed Usage:

On the PPP application, Hildreth Fitness LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $29,000

Business Information - Hildreth Fitness LLC in Hoschton, GA

Hildreth Fitness LLC
2052 Stonewater Ct
Hoschton, GA 30548

Business Industry:
Fitness and Recreational Sports Centers
NAICS code 713940

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Female Owned

Veteran Status: Veteran

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Jackson County, GA — SBA Office 0405 — Congressional District: GA-09

Similar Companies near Hoschton

In the Hoschton area, 8 businesses in the "Fitness and Recreational Sports Centers" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 14) and received an average PPP loan of $15,566 (compared to this company's $29,000).

Industry PPP Comparison Statistics

Nationwide, 62,038 businesses in the "Fitness and Recreational Sports Centers" industry received a total of $2.97B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 12 employees, 14% lower than Hildreth Fitness LLC's reported 14 employees, and received an average PPP loan of $47,823, 65% higher than this company's loan of $29,000.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/hildreth-fitness-llc-hoschton-ga