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PPP Loan Data — Soho House New York LLC,
New York, NY
Soho House New York LLC
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Location: New York, NY
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Soho House New York LLC is a limited liability company (LLC) located at 29-35th 9th Ave in New York, New York that received a Coronavirus-related PPP loan from the SBA of $3,635,760.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
418Loan Approved:
2020-04-11Lender:
CENTRIC BANKSoho House New York LLC in New York, NY received a Paycheck Protection Loan of $3.64M through CENTRIC BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Soho House New York LLC's total 2019 payroll expenses were approximately $17.45M in order to qualify for the PPP loan amount received.
Based on their reported 418 jobs retained, this equals an estimated average yearly compensation of $41,750 per employee1.
Business Information - Soho House New York LLC in New York, NY
29-35th 9th Ave
New York, NY 10014
Business Industry
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-10Similar Companies near New York
In the New York area, 26 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 77 employees (compared to this company's 418) and received an average PPP loan of $979,104 (compared to this company's $3.64M).
Similar Nearby Businesses Who Received PPP Funding:
Fortuna Realty Hotel Soho LLC
New York, NY
246 Spring Street (NY), LLC
New York, NY
Plan DO See America, Inc
New York, NY
143 Fulton Street Development Owner LLC
New York, NY
CWC Inc.
New York, NY
Soho Village Hotel LLC
New York, NY
7 Cornelia Hospitality, LLC
New York, NY
Soho House New York Inc.
New York, NY
Surrey Hotels Corp
New York, NY
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, 95% lower than Soho House New York LLC's reported 418 employees, and received an average PPP loan of $161,149, 96% lower than this company's loan of $3.64M.
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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