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PPP Loan Data — 153 Elizabeth Hotel LLC, New York, NY

SBA PPP loan data, payroll data, and salaries for 153 Elizabeth Hotel LLC
NY

153 Elizabeth Hotel LLC

Entity: Limited Liability Company (LLC)

Industry: Hotels (except Casino Hotels) and Motels

Location: New York, NY

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153 Elizabeth Hotel LLC is a limited liability company (LLC) located at 199 Lafayette St in New York, New York that received a Coronavirus-related PPP loan from the SBA of $480,496.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$480,496

Jobs Retained:

54

Loan Approved:

2020-05-01

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

153 Elizabeth Hotel LLC received a Paycheck Protection Loan of $480,496 through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, 153 Elizabeth Hotel LLC's total 2019 payroll expenses were approximately $2.31M in order to qualify for the PPP loan amount received.

Based on their reported 54 jobs retained, this equals an estimated average yearly compensation of $42,711 per employee1.

Business Information - 153 Elizabeth Hotel LLC in New York, NY

153 Elizabeth Hotel LLC
199 Lafayette St
New York, NY 10012

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, 27 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 46 employees (compared to this company's 54) and received an average PPP loan of $786,545 (compared to this company's $480,496).

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, 61% lower than 153 Elizabeth Hotel LLC's reported 54 employees, and received an average PPP loan of $161,149, 66% lower than this company's loan of $480,496.

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.

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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/153-elizabeth-hotel-llc-new-york-ny