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PPP Loan Data — O2 Holdings, LLC,
Raleigh, NC
O2 Holdings, LLC
Entity: Limited Liability Company (LLC)
Industry: Fitness and Recreational Sports Centers
Location: Raleigh, NC
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O2 Holdings, LLC is a limited liability company (LLC) located at 1025 Wade Ave in Raleigh, North Carolina that received a Coronavirus-related PPP loan from the SBA of $3,153,800.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
462Loan Approved:
2020-04-28Lender:
DOGWOOD STATE BANKO2 Holdings, LLC in Raleigh, NC received a Paycheck Protection Loan of $3.15M through DOGWOOD STATE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, O2 Holdings, LLC's total 2019 payroll expenses were approximately $15.14M in order to qualify for the PPP loan amount received.
Based on their reported 462 jobs retained, this equals an estimated average yearly compensation of $32,767 per employee1.
Business Information - O2 Holdings, LLC in Raleigh, NC
1025 Wade Ave
Raleigh, NC 27605
Business Industry
Fitness and Recreational Sports Centers (NAICS code 713940)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NC-04Similar Companies near Raleigh
In the Raleigh area, 16 businesses in the "Fitness and Recreational Sports Centers" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 462) and received an average PPP loan of $224,468 (compared to this company's $3.15M).
Similar Nearby Businesses Who Received PPP Funding:
Burn Boot Camp North Raleigh, LLC
Raleigh, NC
Triangle Baseball Academy, Inc
Raleigh, NC
Indigo Hot Yoga Center LLC
Raleigh, NC
Fitness Concepts, Inc
Raleigh, NC
B2 Investments Inc.
Raleigh, NC
Nextstep Fitness Raleigh, Inc.
Raleigh, NC
Body Force Boxing Fitness Gym Inc
Raleigh, NC
Donnell Hall
Raleigh, NC
Industry PPP Comparison Statistics
Nationwide, 30,501 businesses in the "Fitness and Recreational Sports Centers" industry received a total of $1,606,092,659.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 98% lower than O2 Holdings, LLC's reported 462 employees, and received an average PPP loan of $52,657, 98% lower than this company's loan of $3.15M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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