PPP Loan Data — House Of Payne Training LLC, Lilburn, GA
House Of Payne Training LLC is a limited liability company (LLC) located at 4565 Lawrenceville Hwy Nw in Lilburn, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
House Of Payne Training LLC in Lilburn, GA received a Paycheck Protection Loan of $25,100 through PNC Bank, National Association, which was approved in May, 2020.
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
Understanding Payroll Estimates Based On PPP Amount
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, House Of Payne Training LLC's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,211 per employee1
Reported PPP Proceed Usage:
On the PPP application, House Of Payne Training LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - House Of Payne Training LLC in Lilburn, GA
4565 Lawrenceville Hwy Nw
Lilburn, GA 30047
Fitness and Recreational Sports Centers
NAICS code 713940
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Lilburn
In the Lilburn area, 24 businesses in the "Fitness and Recreational Sports Centers" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 7) and received an average PPP loan of $26,557 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Charles Minter Karate Inc
Adriana's Boot Camp
Fitness 19 GA 184 LLC
Athletes Elite Peformance
Just Fitness Of Lilburn, LLC
Athleader Sports LLC
Dynamic Fitness Concepts, Inc
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, 71% higher than House Of Payne Training LLC's reported 7 employees, and received an average PPP loan of $47,823, 91% higher than this company's loan of $25,100.
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