PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Tregymers Inc, Manhattan Beach, CA

ALERT: There are 2 PPP loans for a total of $101,957 in our database for businesses with the name "Tregymers Inc" in Manhattan Beach, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Tregymers Inc
CA

Tregymers Inc

Entity: Corporation

Industry: Sports and Recreation Instruction

Location: Manhattan Beach, CA

Search All PPP Data

Tregymers Inc is a corporation located at 1836 N Sepulveda Blvd in Manhattan Beach, California that received a Coronavirus-related PPP loan from the SBA of $55,904.00 in January, 2021.

$ PPP Loan Information
Loan #2323338304

Loan Size:

$55,904

Jobs Retained:

8

Loan Approved:

2021-01-20

Loan Status:

Ongoing Loan

Lender:

Banc of California, National Association

Tregymers Inc in Manhattan Beach, CA received a Paycheck Protection Loan of $55,904 through Banc of California, National Association, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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 More
Understanding 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 More

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, Tregymers Inc's 2019 payroll expenses are estimated to be at least $268,339.

Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $33,542 per employee1

Reported PPP Proceed Usage:

On the PPP application, Tregymers Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $55,902
  • Utilities: $1

Business Information - Tregymers Inc in Manhattan Beach, CA

Tregymers Inc
1836 N Sepulveda Blvd
Manhattan Beach, CA 90266

Business Industry:
Sports and Recreation Instruction
NAICS code 611620

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-33

Similar Companies near Manhattan Beach

In the Manhattan Beach area, 13 businesses in the "Sports and Recreation Instruction" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 8) and received an average PPP loan of $27,481 (compared to this company's $55,904).

Industry PPP Comparison Statistics

Nationwide, 26,103 businesses in the "Sports and Recreation Instruction" industry received a total of $882.67M 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 8 employees, the same amount reported by Tregymers Inc and received an average PPP loan of $33,815, 40% lower than this company's loan of $55,904.

SBA PPP loan data, payroll data, and salaries for Tregymers, Inc

FRANCHISE

CA

Tregymers, Inc

Entity: Corporation

Industry: Sports and Recreation Instruction

Franchise: My Gym

Location: Manhattan Beach, CA

Search All PPP Data

Tregymers, Inc is a corporation located at 1836 N Sepulveda Blvd in Manhattan Beach, California that received a Coronavirus-related PPP loan from the SBA of $46,053.00 in April, 2020. This business is a My Gym franchise.

$ PPP Loan Information
Loan #5773707106

Loan Size:

$46,053

Jobs Retained:

8

Loan Approved:

2020-04-14

Loan Status:

Paid in Full or Forgiven

Lender:

Banc of California, National Association

Tregymers, Inc in Manhattan Beach, CA received a Paycheck Protection Loan of $46,053 through Banc of California, 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 More
Understanding 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 More

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, Tregymers, Inc's 2019 payroll expenses are estimated to be at least $221,054.

Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $27,632 per employee1

Reported PPP Proceed Usage:

On the PPP application, Tregymers, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $34,540
  • Rent: $11,513

Business Information - Tregymers, Inc in Manhattan Beach, CA

Tregymers, Inc
1836 N Sepulveda Blvd
Manhattan Beach, CA 90266

Business Industry:
Sports and Recreation Instruction
NAICS code 611620

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-33

Similar Companies near Manhattan Beach

In the Manhattan Beach area, 13 businesses in the "Sports and Recreation Instruction" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 8) and received an average PPP loan of $27,481 (compared to this company's $46,053).

Industry PPP Comparison Statistics

Nationwide, 26,103 businesses in the "Sports and Recreation Instruction" industry received a total of $882.67M 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 8 employees, the same amount reported by Tregymers, Inc and received an average PPP loan of $33,815, 27% lower than this company's loan of $46,053.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/tregymers-inc-manhattan-beach-ca