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PPP Loan Data — 600 William Penn Place Associates Master Tenant, LP, Pittsburgh, PA

SBA PPP loan data, payroll data, and salaries for 600 William Penn Place Associates Master Tenant, LP
PA

600 William Penn Place Associates Master Tenant, LP

Entity: Partnership

Industry: Hotels (except Casino Hotels) and Motels

Location: Pittsburgh, PA

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600 William Penn Place Associates Master Tenant, LP is a partnership located at 620 William Penn Pl in Pittsburgh, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $1,594,292.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$1.59M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-09

Lender:

WILMINGTON SAVINGS FUND SOCIETY, FSB

600 William Penn Place Associates Master Tenant, LP received a Paycheck Protection Loan of $1.59M through WILMINGTON SAVINGS FUND SOCIETY, FSB, which was approved in April, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, 600 William Penn Place Associates Master Tenant, LP's total 2019 payroll expenses were approximately $7.65M in order to qualify for the PPP loan amount received.

Unlike most businesses, 600 William Penn Place Associates Master Tenant, LP's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Business Information - 600 William Penn Place Associates Master Tenant, LP in Pittsburgh, PA

600 William Penn Place Associates Master Tenant, LP
620 William Penn Pl
Pittsburgh, PA 15219

Business Industry

Hotels (except Casino Hotels) and Motels (NAICS code 721110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-18

Similar Companies near Pittsburgh

In the Pittsburgh area, 6 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 92 employees (compared to this company's 0) and received an average PPP loan of $1,086,330 (compared to this company's $1.59M).

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, and received an average PPP loan of $161,149, 90% lower than this company's loan of $1.59M.

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/600-william-penn-place-associates-master-tenant-lp-pittsburgh-pa