PPP Loan Data — Vasa Fitness LLC, Evanston, IL
Vasa Fitness LLC is a limited liability company (LLC) located at 1560 Sherman Ave, Suite 1200 in Evanston, Illinois that received a Coronavirus-related PPP loan from the SBA of $7,777,100.00 in April, 2020.
$ PPP Loan Information
Lender:ZIONS BANK, A DIVISION OF
Vasa Fitness LLC in Evanston, IL received a Paycheck Protection Loan of $7.78M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.
Based on standard PPP eligibility rules, Vasa Fitness LLC's total 2019 payroll expenses were approximately $37.33M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $74,660 per employee1.
Business Information - Vasa Fitness LLC in Evanston, IL
1560 Sherman Ave, Suite 1200
Evanston, IL 60201
Fitness and Recreational Sports Centers (NAICS code 713940)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-09
Similar Companies near Evanston
In the Evanston area, 18 businesses in the "Fitness and Recreational Sports Centers" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 500) and received an average PPP loan of $469,328 (compared to this company's $7.78M).
Similar Nearby Businesses Who Received PPP Funding:
Sunflower Fitness LLC
North Shore Strength And Conditioning
Northshore Peak Fitness And Training Center, LLC
MSI Healing Inc
James Timothy Bagwell DBA None
Imprint Movement Studio LLC
Evergreen Functional Fitness LLC
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 Vasa Fitness LLC's reported 500 employees, and received an average PPP loan of $52,657, 99% lower than this company's loan of $7.78M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!