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PPP Loan Data — Sportime Clubs LLC,
Kings Park, NY
Sportime Clubs LLC
Entity: Limited Liability Company (LLC)
Industry: Fitness and Recreational Sports Centers
Location: Kings Park, NY
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Sportime Clubs LLC is a limited liability company (LLC) located at 275 Old Indianhead Rd in Kings Park, New York that received a Coronavirus-related PPP loan from the SBA of $3,774,557.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
465Loan Approved:
2020-04-12Lender:
TD BANK, NATIONAL ASSOCIATIONSportime Clubs LLC in Kings Park, NY received a Paycheck Protection Loan of $3.77M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sportime Clubs LLC's total 2019 payroll expenses were approximately $18.12M in order to qualify for the PPP loan amount received.
Based on their reported 465 jobs retained, this equals an estimated average yearly compensation of $38,963 per employee1.
Business Information - Sportime Clubs LLC in Kings Park, NY
275 Old Indianhead Rd
Kings Park, NY 11754
Business Industry
Fitness and Recreational Sports Centers (NAICS code 713940)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-03Similar Companies near Kings Park
In the Kings Park area, 10 businesses in the "Fitness and Recreational Sports Centers" industry received a PPP loan. These local businesses reported an average of 56 employees (compared to this company's 465) and received an average PPP loan of $431,440 (compared to this company's $3.77M).
Similar Nearby Businesses Who Received PPP Funding:
Thrive Fitness
Jericho, NY
Mchu LLC
Jericho, NY
Sunshine Nails & Spa Inc
Lake Grove, NY
The Modern Improvement Club, Inc.
Jericho, NY
Bodybytamika
Jericho, NY
Superior Ice Rink, Inc
Kings Park, NY
Clubfit247 Inc.
Jericho, NY
Lynbrook Tennis Time, LLC
Kings Park, NY
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 Sportime Clubs LLC's reported 465 employees, and received an average PPP loan of $52,657, 99% lower than this company's loan of $3.77M.
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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