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PPP Loan Data — Skin Logic LLC,
Sterling, VA
Skin Logic LLC
Entity: Limited Liability Company (LLC)
Industry: Fitness and Recreational Sports Centers
Location: Sterling, VA
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Skin Logic LLC is a limited liability company (LLC) located at 2 Pidgeon Hill Dr Ste 100 in Sterling, Virginia that received a Coronavirus-related PPP loan from the SBA of $150,602.00 in March, 2021.
The company has reported itself as a female owned business, and employed at least 32 people during the applicable loan loan period.
$
PPP Loan Information
Loan #9549488504
Loan Size:
Jobs Retained:
32Loan Approved:
2021-03-12Loan Status:
Paid in Full or ForgivenLender:
TD Bank, National AssociationSkin Logic LLC in Sterling, VA received a Paycheck Protection Loan of $150,602 through TD Bank, National Association, which was approved in March, 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.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Skin Logic LLC's 2019 payroll expenses are estimated to be at least $722,890.
Based on their reported 32 jobs retained, this equals an estimated average yearly compensation of $22,590 per employee1
Reported PPP Proceed Usage:
On the PPP application, Skin Logic LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $150,600
- Utilities: $1
Business Information - Skin Logic LLC in Sterling, VA
2 Pidgeon Hill Dr Ste 100
Sterling, VA 20165
Business Industry:
Fitness and Recreational Sports Centers
NAICS code 713940
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Sterling
In the Sterling area, 29 businesses in the "Fitness and Recreational Sports Centers" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 32) and received an average PPP loan of $35,516 (compared to this company's $150,602).
Similar Nearby Businesses Who Received PPP Funding:
Gymrhinos
Sterling, VA
Dulles Sportsplex LLC
Sterling, VA
Loudoun Ice Centre
Sterling, VA
Kevin Fox Health & Fitness Consulting, L
Sterling, VA
Adult Ice Hockey Frederation, LTD
Sterling, VA
EK Baseball LLC
Sterling, VA
Atlantic Fitness Brokers, LLC
Sterling, VA
Tony Passos Jiu Jitsu LLC
Sterling, VA
Arcadia S&M LLC
Sterling, VA
Industry PPP Comparison Statistics
Nationwide, 61,280 businesses in the "Fitness and Recreational Sports Centers" industry received a total of $2.95B 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, 63% lower than Skin Logic LLC's reported 32 employees, and received an average PPP loan of $48,172, 68% lower than this company's loan of $150,602.
Skin Logic LLC
Entity: Limited Liability Company (LLC)
Industry: Other Personal Care Services
Location: Sterling, VA
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Skin Logic LLC is a limited liability company (LLC) located at 2 Pidgeon Hill Dr in Sterling, Virginia that received a Coronavirus-related PPP loan from the SBA of $119,650.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 34 people during the applicable loan loan period.
$
PPP Loan Information
Loan #5393167108
Loan Size:
Jobs Retained:
34Loan Approved:
2020-04-13Loan Status:
Paid in Full or ForgivenLender:
TD Bank, National AssociationSkin Logic LLC in Sterling, VA received a Paycheck Protection Loan of $119,650 through TD Bank, National Association, 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 April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Skin Logic LLC's 2019 payroll expenses are estimated to be at least $574,320.
Based on their reported 34 jobs retained, this equals an estimated average yearly compensation of $16,892 per employee1
Reported PPP Proceed Usage:
On the PPP application, Skin Logic LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $119,650
Business Information - Skin Logic LLC in Sterling, VA
2 Pidgeon Hill Dr
Sterling, VA 20165
Business Industry:
Other Personal Care Services
NAICS code 812199
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Female Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Sterling
In the Sterling area, 25 businesses in the "Other Personal Care Services" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 34) and received an average PPP loan of $22,124 (compared to this company's $119,650).
Similar Nearby Businesses Who Received PPP Funding:
Pepito Decena
Sterling, VA
Hind Majhol
Sterling, VA
Samskara Yoga Holdings Inc
Sterling, VA
Jackson Emberlin
Sterling, VA
Atena Ghorishi
Dulles, VA
The Body Gallery LLC
Sterling, VA
OHO Enterprises LLC
Sterling, VA
Lovely Therapy LLC
Sterling, VA
Industry PPP Comparison Statistics
Nationwide, 72,502 businesses in the "Other Personal Care Services" industry received a total of $1.71B 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 4 employees, 88% lower than Skin Logic LLC's reported 34 employees, and received an average PPP loan of $23,647, 80% lower than this company's loan of $119,650.
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.
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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