PPP Loan Data — KNJ Boston, LLC, Lawrenceville, GA
KNJ Boston, LLC
Franchise: Crew Fitness
Location: Lawrenceville, GATweet This • Search All PPP Data
KNJ Boston, LLC is a corporation located at 4955 Sugarloaf Pkwy. #116 in Lawrenceville, Georgia that received a Coronavirus-related PPP loan from the SBA of $46,746.00 in April, 2020. This business is a Crew Fitness franchise.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Loyal Trust Bank
KNJ Boston, LLC in Lawrenceville, GA received a Paycheck Protection Loan of $46,746 through Loyal Trust 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 June, 2021.
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, KNJ Boston, LLC's 2019 payroll expenses are estimated to be at least $224,381.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $28,048 per employee1
Reported PPP Proceed Usage:
On the PPP application, KNJ Boston, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $36,746
- Rent: $10,000
Business Information - KNJ Boston, LLC in Lawrenceville, GA
4955 Sugarloaf Pkwy. #116
Lawrenceville, GA 30044
Wireless Telecommunications Carriers (except Satellite)
NAICS code 517312
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Lawrenceville
In the Lawrenceville area, 23 businesses in the "Wireless Telecommunications Carriers (except Satellite)" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 8) and received an average PPP loan of $43,557 (compared to this company's $46,746).
Similar Nearby Businesses Who Received PPP Funding:
2785 Cruse RD Inc
K And J Holding Group, Inc
NTS Corporation 005
2600 Old Norcross Inc
NTS Corporation 002
Ajmeri Trading, LLC
KNJ MS LLC
Mobifix Electronics One LLC
KNJ Mobile, LLC
Industry PPP Comparison Statistics
Nationwide, 3,954 businesses in the "Wireless Telecommunications Carriers (except Satellite)" industry received a total of $370.75M 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 11 employees, 38% higher than KNJ Boston, LLC's reported 8 employees, and received an average PPP loan of $93,766, 101% higher than this company's loan of $46,746.
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