Palm Beach County Gymnasium Owner Awaits Next Round of P3 Loans

0

PALM BEACH COUNTY, Fla .– A Palm Beach County gym owner said he was able to stay open for the past 12 months thanks to federal loans.

Now they are hoping that new loans will help keep their doors open in the months to come.

SPECIAL WARRANTY: South Florida Bounce

It has been almost a year since Fit Body Boot Camp along Lantana Road had to close after COVID-19 closures.

“On March 19 we closed for a little over two months,” said owner Serene Prinyavivatkul.

Prinyavivatkul said they were fortunate enough to run virtual classes during those two months, but still lost around 50% of their members in the past year.

WPTV, Miranda Christian

Serene Prinyavivatkul says the loan she requested will pay her employees for more than two months.

She had to hire four new people last year after being diagnosed with kidney disease that kept her from working for most of 2020.

She said she was fortunate enough to qualify for a Paycheck Protection Program loan and a federal small business loan, which kept her employees and the gym open.

Prinyavivatkul has applied for another PPP loan and is now waiting to see if she will receive any money.

“[The loan would provide] two and a half months pay, ”she said.

She said the PPP would be enough to keep her staff, but unless more members sign up or more loans become available, she doesn’t know if it can stay open.

The PPP loan requested by Prinyavivatkul is specifically open to small businesses with less than 20 employees, and she hopes to have a response by the end of next week.


Source link

Share.

About Author

Comments are closed.