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

PPP Loan Data — Silver Mountain Sports Club And Spa LLC, Park City, UT

ALERT: There are 2 PPP loans for a total of $309,156 in our database for businesses with the name "Silver Mountain Sports Club And Spa LLC" in Park City, UT. 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 Silver Mountain Sports Club And Spa LLC
UT

Silver Mountain Sports Club And Spa LLC

Entity: Limited Liability Company (LLC)

Industry: Fitness and Recreational Sports Centers

Location: Park City, UT

Search All PPP Data

Silver Mountain Sports Club And Spa LLC is a limited liability company (LLC) located at 2080 Gold Dust Ln in Park City, Utah that received a Coronavirus-related PPP loan from the SBA of $154,578.00 in February, 2021.

The company has reported itself as a White female owned business, and employed at least twenty people during the applicable loan loan period.

$ PPP Loan Information
Loan #7719008407

Loan Size:

$154,578

Jobs Retained:

20

Loan Approved:

2021-02-12

Loan Status:

Ongoing Loan

Lender:

Glacier Bank

Silver Mountain Sports Club And Spa LLC in Park City, UT received a Paycheck Protection Loan of $154,578 through Glacier Bank, which was approved in February, 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, Silver Mountain Sports Club And Spa LLC's 2019 payroll expenses are estimated to be at least $741,974.

Based on their reported 20 jobs retained, this equals an estimated average yearly compensation of $37,099 per employee1

Reported PPP Proceed Usage:

On the PPP application, Silver Mountain Sports Club And Spa LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $154,575
  • Utilities: $1

Business Information - Silver Mountain Sports Club And Spa LLC in Park City, UT

Silver Mountain Sports Club And Spa LLC
2080 Gold Dust Ln
Park City, UT 84060

Business Industry:
Fitness and Recreational Sports Centers
NAICS code 713940

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Summit County, UT — SBA Office 0883 — Congressional District: UT-01

Similar Companies near Park City

In the Park City area, 15 businesses in the "Fitness and Recreational Sports Centers" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 20) and received an average PPP loan of $72,067 (compared to this company's $154,578).

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, 40% lower than Silver Mountain Sports Club And Spa LLC's reported 20 employees, and received an average PPP loan of $47,823, 69% lower than this company's loan of $154,578.

SBA PPP loan data, payroll data, and salaries for Silver Mountain Sports Club And Spa, LLC
UT

Silver Mountain Sports Club And Spa, LLC

Entity: Limited Liability Company (LLC)

Industry: Fitness and Recreational Sports Centers

Location: Park City, UT

Search All PPP Data

Silver Mountain Sports Club And Spa, LLC is a limited liability company (LLC) located at 2080 Gold Dust Lane in Park City, Utah that received a Coronavirus-related PPP loan from the SBA of $154,578.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least twenty people during the applicable loan loan period.

$ PPP Loan Information
Loan #8093107005

Loan Size:

$154,578

Jobs Retained:

20

Loan Approved:

2020-04-08

Loan Status:

Paid in Full or Forgiven

Lender:

Glacier Bank

Silver Mountain Sports Club And Spa, LLC in Park City, UT received a Paycheck Protection Loan of $154,578 through Glacier Bank, 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 June, 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, Silver Mountain Sports Club And Spa, LLC's 2019 payroll expenses are estimated to be at least $741,974.

Based on their reported 20 jobs retained, this equals an estimated average yearly compensation of $37,099 per employee1

Reported PPP Proceed Usage:

On the PPP application, Silver Mountain Sports Club And Spa, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $154,578

Business Information - Silver Mountain Sports Club And Spa, LLC in Park City, UT

Silver Mountain Sports Club And Spa, LLC
2080 Gold Dust Lane
Park City, UT 84060

Business Industry:
Fitness and Recreational Sports Centers
NAICS code 713940

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Summit County, UT — SBA Office 0883 — Congressional District: UT-01

Similar Companies near Park City

In the Park City area, 15 businesses in the "Fitness and Recreational Sports Centers" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 20) and received an average PPP loan of $72,067 (compared to this company's $154,578).

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, 40% lower than Silver Mountain Sports Club And Spa, LLC's reported 20 employees, and received an average PPP loan of $47,823, 69% lower than this company's loan of $154,578.

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/silver-mountain-sports-club-and-spa-llc-park-city-ut