PPP Loan Data — Nlytnd, Inc DBA Anytime Fitness Davisburg, Oxford, MI
Nlytnd, Inc DBA Anytime Fitness Davisburg is a subchapter s corporation located at 539 Bay Pointe Drive in Oxford, Michigan that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Nlytnd, Inc DBA Anytime Fitness Davisburg in Oxford, MI received a Paycheck Protection Loan of $25,000 through JPMorgan Chase Bank, National Association, which was approved in May, 2020.
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, Nlytnd, Inc DBA Anytime Fitness Davisburg's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Nlytnd, Inc DBA Anytime Fitness Davisburg reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $10,500
- Utilities: $4,000
- Rent: $10,500
Business Information - Nlytnd, Inc DBA Anytime Fitness Davisburg in Oxford, MI
539 Bay Pointe Drive
Oxford, MI 48371
Fitness and Recreational Sports Centers
NAICS code 713940
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Oxford
In the Oxford area, 4 businesses in the "Fitness and Recreational Sports Centers" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 5) and received an average PPP loan of $17,288 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Complete Woman Inc DBA Anytime Fitness O
ETS North Oakland, LLC
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, 140% higher than Nlytnd, Inc DBA Anytime Fitness Davisburg's reported 5 employees, and received an average PPP loan of $47,823, 91% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
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