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PPP Loan Data — Mike Stroshine Strength And Conditioning (Mssc) LLC, Orem, UT

SBA PPP loan data, payroll data, and salaries for Mike Stroshine Strength And Conditioning (Mssc) LLC
UT

Mike Stroshine Strength And Conditioning (Mssc) LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Personal Services

Location: Orem, UT

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Mike Stroshine Strength And Conditioning (Mssc) LLC is a limited liability company (LLC) located in Orem, Utah that received a Coronavirus-related PPP loan from the SBA of $17,500.00 in February, 2021.

$ PPP Loan Information
Loan #3037388508

Loan Size:

$17,500

Jobs Retained:

1

Loan Approved:

2021-02-22

Loan Status:

Paid in Full or Forgiven

Lender:

KeyBank National Association

Mike Stroshine Strength And Conditioning (Mssc) LLC in Orem, UT received a Paycheck Protection Loan of $17,500 through KeyBank National Association, which was approved in February, 2021.

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 October, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Mike Stroshine Strength And Conditioning (Mssc) LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $17,500

Business Information - Mike Stroshine Strength And Conditioning (Mssc) LLC in Orem, UT

Mike Stroshine Strength And Conditioning (Mssc) LLC
Orem, UT
* Full address is redacted to protect the privacy of individuals.

Business Industry:
All Other Personal Services
NAICS code 812990

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Utah County, UT — SBA Office 0883 — Congressional District: UT-03

Similar Companies near Orem

In the Orem area, 51 businesses in the "All Other Personal Services" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 1) and received an average PPP loan of $47,954 (compared to this company's $17,500).

Industry PPP Comparison Statistics

Nationwide, 237,729 businesses in the "All Other Personal Services" industry received a total of $5.63B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 3 employees, 200% higher than Mike Stroshine Strength And Conditioning (Mssc) LLC's reported 1 employees, and received an average PPP loan of $23,676, 35% higher than this company's loan of $17,500.

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.

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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/mike-stroshine-strength-and-conditioning-mssc-llc-orem-ut