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PPP Loan Data — Ecp-Pf Holdings Group Inc,
Orange, CT
FRANCHISE
CTEcp-Pf Holdings Group Inc
Entity: Corporation
Industry: Fitness and Recreational Sports Centers
Franchise: Planet Fitness
Location: Orange, CT
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Ecp-Pf Holdings Group Inc is a corporation located at 35 Old Tavern Rd Ste 200 in Orange, Connecticut that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in May, 2021. This business is a Planet Fitness franchise.
$
PPP Loan Information
Loan #6338168901
Loan Size:
Jobs Retained:
299Loan Approved:
2021-05-01Loan Status:
Paid in Full or ForgivenLender:
Manufacturers and Traders Trust CompanyEcp-Pf Holdings Group Inc in Orange, CT received a Paycheck Protection Loan of $2M through Manufacturers and Traders Trust Company, which was approved in May, 2021.
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 October, 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 MoreUnderstanding 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 MoreBased 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, Ecp-Pf Holdings Group Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 299 jobs retained, this equals an estimated average yearly compensation of $32,107 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ecp-Pf Holdings Group Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,996
- Utilities: $1
Business Information - Ecp-Pf Holdings Group Inc in Orange, CT
35 Old Tavern Rd Ste 200
Orange, CT 6477
Business Industry:
Fitness and Recreational Sports Centers
NAICS code 713940
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
Similar Companies near Orange
In the Orange area, 24 businesses in the "Fitness and Recreational Sports Centers" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 299) and received an average PPP loan of $329,579 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
The Plano Program Personal Training LLC
Orange, CT
Achieve Wellness LLC
Orange, CT
Frank Rizio
Orange, CT
Center Of Balance Fitness & Wellness
Orange, CT
Jdmk Enterprises LLC
Orange, CT
Jim Ronai's Competitive Edge, LLC
Orange, CT
Vale Foot And Ankle Surgery, PLLC
Oxford, CT
Move 2B Well
Oxford, CT
Autism Health And Fitness Center LLC
Orange, CT
Industry PPP Comparison Statistics
Nationwide, 61,264 businesses in the "Fitness and Recreational Sports Centers" industry received a total of $2.95B 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, 96% lower than Ecp-Pf Holdings Group Inc's reported 299 employees, and received an average PPP loan of $48,164, 98% lower than this company's loan of $2M.
FRANCHISE
CTEcp-Pf Holdings Group, Inc
Entity: Corporation
Industry: Fitness and Recreational Sports Centers
Franchise: Planet Fitness
Location: Orange, CT
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•
Search All PPP Data
Ecp-Pf Holdings Group, Inc is a corporation located at 35 Old Tavern Road Suite 200 in Orange, Connecticut that received a Coronavirus-related PPP loan from the SBA of $5,391,850.00 in April, 2020. This business is a Planet Fitness franchise.
$
PPP Loan Information
Loan #9612227101
Loan Size:
Jobs Retained:
492Loan Approved:
2020-04-15Loan Status:
Paid in Full or ForgivenLender:
Manufacturers and Traders Trust CompanyEcp-Pf Holdings Group, Inc in Orange, CT received a Paycheck Protection Loan of $5.39M through Manufacturers and Traders Trust Company, 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 July, 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 MoreUnderstanding 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 MoreBased 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, Ecp-Pf Holdings Group, Inc's 2019 payroll expenses are estimated to be at least $25.88M.
Based on their reported 492 jobs retained, this equals an estimated average yearly compensation of $52,603 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ecp-Pf Holdings Group, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,958,261
- Utilities: $164,695
- Rent: $627,863
- Health Care: $85,626
- Debt Interest: $555,405
Business Information - Ecp-Pf Holdings Group, Inc in Orange, CT
35 Old Tavern Road Suite 200
Orange, CT 6477
Business Industry:
Fitness and Recreational Sports Centers
NAICS code 713940
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
Similar Companies near Orange
In the Orange area, 24 businesses in the "Fitness and Recreational Sports Centers" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 492) and received an average PPP loan of $329,579 (compared to this company's $5.39M).
Similar Nearby Businesses Who Received PPP Funding:
The Plano Program Personal Training LLC
Orange, CT
Achieve Wellness LLC
Orange, CT
Frank Rizio
Orange, CT
Center Of Balance Fitness & Wellness
Orange, CT
Jdmk Enterprises LLC
Orange, CT
Jim Ronai's Competitive Edge, LLC
Orange, CT
Vale Foot And Ankle Surgery, PLLC
Oxford, CT
Move 2B Well
Oxford, CT
Autism Health And Fitness Center LLC
Orange, CT
Industry PPP Comparison Statistics
Nationwide, 61,264 businesses in the "Fitness and Recreational Sports Centers" industry received a total of $2.95B 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, 98% lower than Ecp-Pf Holdings Group, Inc's reported 492 employees, and received an average PPP loan of $48,164, 99% lower than this company's loan of $5.39M.
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.
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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