PPP Loan Data — Staynakedfit, Tucson, AZ
Staynakedfit is a limited liability company (LLC) located at 4695 N Oracle Rd., Ste 106 in Tucson, Arizona that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Vantage West CU
Staynakedfit in Tucson, AZ received a Paycheck Protection Loan of $25,000 through Vantage West CU, 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, Staynakedfit's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Staynakedfit reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Staynakedfit in Tucson, AZ
4695 N Oracle Rd., Ste 106
Tucson, AZ 85705
All Other Personal Services
NAICS code 812990
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Tucson
In the Tucson area, 38 businesses in the "All Other Personal Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 6) and received an average PPP loan of $26,034 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Haru Studio LLC
Dee-Dee Samet PC
Bodybasics Health & Fitness, Inc
Titan Development Group, LLC
Oro Valley, AZ
Industry PPP Comparison Statistics
Nationwide, 237,729 businesses in the "All Other Personal Services" industry received a total of $5.63B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, 50% lower than Staynakedfit's reported 6 employees, and received an average PPP loan of $23,676, 5% lower 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!