PPP Loan Data — Rmfm LLC, Naples, FL
Rmfm LLC is a limited liability company (LLC) located at 2650 Tamiami Trl E in Naples, Florida that received a Coronavirus-related PPP loan from the SBA of $46,400.00 in April, 2020. This business is a Planet Fitness franchise.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Sanibel Captiva Community Bank
Rmfm LLC in Naples, FL received a Paycheck Protection Loan of $46,400 through Sanibel Captiva Community Bank, which was approved in April, 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, Rmfm LLC's 2019 payroll expenses are estimated to be at least $222,720.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $15,909 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rmfm LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,400
Business Information - Rmfm LLC in Naples, FL
2650 Tamiami Trl E
Naples, FL 34112
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: Y
Rural / Urban: Urban
Similar Companies near Naples
In the Naples area, 4 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 14) and received an average PPP loan of $17,371 (compared to this company's $46,400).
Similar Nearby Businesses Who Received PPP Funding:
Woehrle Health & Fitness LLC
Tritone Fit 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, 14% lower than Rmfm LLC's reported 14 employees, and received an average PPP loan of $47,823, 3% higher than this company's loan of $46,400.
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Footnotes & Information
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