PPP Loan Data — Smaack LLC, Henderson, NV
Smaack LLC is a limited liability company (LLC) located at 2581 Anthem Village Dr in Henderson, Nevada that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020. This business is a Title Boxing Club franchise.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of George
Smaack LLC in Henderson, NV received a Paycheck Protection Loan of $25,000 through Bank of George, 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 May, 2021.
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, Smaack LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,333 per employee1
Reported PPP Proceed Usage:
On the PPP application, Smaack LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,750
- Utilities: $2,500
- Rent: $3,750
Business Information - Smaack LLC in Henderson, NV
2581 Anthem Village Dr
Henderson, NV 89052
Fitness and Recreational Sports Centers
NAICS code 713940
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Henderson
In the Henderson area, 20 businesses in the "Fitness and Recreational Sports Centers" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 9) and received an average PPP loan of $29,508 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
PB Henderson LLC
FIT Republic Washington LLC
Mailyn Fernandez Ullan
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, 33% higher than Smaack LLC's reported 9 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
Have FederalPay.org's open data tools been valuable? Consider donating!