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PPP Loan Data — Xpresspa Holdings LLC,
New York, NY
Xpresspa Holdings LLC
Entity: Limited Liability Company (LLC)
Industry: Fitness and Recreational Sports Centers
Location: New York, NY
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Xpresspa Holdings LLC is a limited liability company (LLC) located at 254 W 31st St Fl 11 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $5,653,399.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
406Loan Approved:
2020-05-01Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONXpresspa Holdings LLC received a Paycheck Protection Loan of $5.65M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Xpresspa Holdings LLC's total 2019 payroll expenses were approximately $27.14M in order to qualify for the PPP loan amount received.
Based on their reported 406 jobs retained, this equals an estimated average yearly compensation of $66,838 per employee1.
Business Information - Xpresspa Holdings LLC in New York, NY
254 W 31st St Fl 11
New York, NY 10001
Business Industry
Fitness and Recreational Sports Centers (NAICS code 713940)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-10Similar Companies near New York
In the New York area, 27 businesses in the "Fitness and Recreational Sports Centers" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 406) and received an average PPP loan of $358,683 (compared to this company's $5.65M).
Similar Nearby Businesses Who Received PPP Funding:
New York Center For The Alexander Technique, LLC
New York, NY
Conbody Productions LLC
New York, NY
Omnia Recover LLC
New York, NY
Christopher Sams
New York, NY
Erase Spa Inc.
New York, NY
OSP Holdings Inc.
New York, NY
Edward Lau
New York, NY
Christopher Destefano
Ny, NY
Body By Simone LLC
New York, 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, 97% lower than Xpresspa Holdings LLC's reported 406 employees, and received an average PPP loan of $52,657, 99% lower than this company's loan of $5.65M.
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.
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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