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PPP Loan Data — Soho House Beach House LLC,
Miami Beach, FL
Soho House Beach House LLC
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Location: Miami Beach, FL
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Soho House Beach House LLC is a limited liability company (LLC) located at 4385 Collins Ave in Miami Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $2,764,156.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
366Loan Approved:
2020-04-11Lender:
CENTRIC BANKSoho House Beach House LLC in Miami Beach, FL received a Paycheck Protection Loan of $2.76M through CENTRIC BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Soho House Beach House LLC's total 2019 payroll expenses were approximately $13.27M in order to qualify for the PPP loan amount received.
Based on their reported 366 jobs retained, this equals an estimated average yearly compensation of $36,251 per employee1.
Business Information - Soho House Beach House LLC in Miami Beach, FL
4385 Collins Ave
Miami Beach, FL 33140
Business Industry
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: FL-27Similar Companies near Miami Beach
In the Miami Beach area, 34 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 70 employees (compared to this company's 366) and received an average PPP loan of $475,119 (compared to this company's $2.76M).
Similar Nearby Businesses Who Received PPP Funding:
3720 Croydon LLC
Miami Beach, FL
Mimosa Property Management LLC
Miami Beach, FL
FRU Management LLC
Miami Beach, FL
Hotel Collins LLC
Miami Beach, FL
Beach Paradise Holding, LLC
Miami Beach, FL
2925 Indian Creek Dr LLC
Miami Beach, FL
Westover Arms LLC
Miami Beach, FL
Design Suites Miami Inc
Miami Beach, FL
Sokolov, LTD
Miami Beach, FL
Industry PPP Comparison Statistics
Nationwide, 41,528 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $6,692,184,447.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 94% lower than Soho House Beach House LLC's reported 366 employees, and received an average PPP loan of $161,149, 94% lower than this company's loan of $2.76M.
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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