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PPP Loan Data — Soho House New York LLC, New York, NY

SBA PPP loan data, payroll data, and salaries for Soho House New York LLC
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:

$3.64M

Jobs Retained:

418

Loan Approved:

2020-04-11

Lender:

CENTRIC BANK

Soho House New York LLC 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.

Because the loan received by Soho House New York LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Soho House New York LLC in New York, NY

Soho House New York LLC
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-10

Similar 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).

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, 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. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/soho-house-new-york-llc-new-york-ny