PPP Loan Data — Summers Enterprises, Inc. DBA Freedom Fitness, Kuna, ID
Summers Enterprises, Inc. DBA Freedom Fitness is a subchapter s corporation located at 1075 E. Kuna Rd #110 in Kuna, Idaho that received a Coronavirus-related PPP loan from the SBA of $25,500.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least ten people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Zions Bank, A Division of
Summers Enterprises, Inc. DBA Freedom Fitness in Kuna, ID received a Paycheck Protection Loan of $25,500 through Zions Bank, A Division of, 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
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, Summers Enterprises, Inc. DBA Freedom Fitness' 2019 payroll expenses are estimated to be at least $122,400.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $12,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, Summers Enterprises, Inc. DBA Freedom Fitness reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,500
Business Information - Summers Enterprises, Inc. DBA Freedom Fitness in Kuna, ID
1075 E. Kuna Rd #110
Kuna, ID 83634
Fitness and Recreational Sports Centers
NAICS code 713940
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Kuna
In the Kuna 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 10) and received an average PPP loan of $16,824 (compared to this company's $25,500).
Similar Nearby Businesses Who Received PPP Funding:
Summers Enterprises Inc
Daily Fit Body
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, 20% higher than Summers Enterprises, Inc. DBA Freedom Fitness' reported 10 employees, and received an average PPP loan of $47,823, 88% higher than this company's loan of $25,500.
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Footnotes & Information
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