PPP Loan Data — Revolution Martial Fitness, Natick, MA
Revolution Martial Fitness is a limited liability company (LLC) located at 245 W Central St in Natick, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,180.00 in June, 2020.
The company has reported itself as a White male owned business, and employed at least nine people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Revolution Martial Fitness in Natick, MA received a Paycheck Protection Loan of $25,180 through Quontic Bank, which was approved in June, 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, Revolution Martial Fitness' 2019 payroll expenses are estimated to be at least $120,864.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,429 per employee1
Reported PPP Proceed Usage:
On the PPP application, Revolution Martial Fitness reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,180
Business Information - Revolution Martial Fitness in Natick, MA
245 W Central St
Natick, MA 1760
Other Nonscheduled Air Transportation
NAICS code 481219
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,710 businesses in the "Other Nonscheduled Air Transportation" industry received a total of $170.87M 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 8 employees, 11% lower than Revolution Martial Fitness' reported 9 employees, and received an average PPP loan of $99,924, 297% higher than this company's loan of $25,180.
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Footnotes & Information
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