PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — AJU Hotel Dtla LLC, Los Angeles, CA

ALERT: There are 2 PPP loans for a total of $4.02M in our database for businesses with the name "AJU Hotel Dtla LLC" in Los Angeles, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for AJU Hotel Dtla LLC
CA

AJU Hotel Dtla LLC

Entity: Limited Liability Company (LLC)

Industry: Hotels (except Casino Hotels) and Motels

Location: Los Angeles, CA

Search All PPP Data

AJU Hotel Dtla LLC is a limited liability company (LLC) located at 929 S Broadway in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $1,990,000.00 in February, 2021.

$ PPP Loan Information
Loan #6094558402

Loan Size:

$1.99M

Jobs Retained:

158

Loan Approved:

2021-02-10

Loan Status:

Ongoing Loan

Lender:

Capital Plus Financial, LLC

AJU Hotel Dtla LLC in Los Angeles, CA received a Paycheck Protection Loan of $1.99M through Capital Plus Financial, LLC, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, AJU Hotel Dtla LLC's 2019 payroll expenses are estimated to be at least $9.55M.

Based on their reported 158 jobs retained, this equals an estimated average yearly compensation of $60,456 per employee1

Reported PPP Proceed Usage:

On the PPP application, AJU Hotel Dtla LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,990,000

Business Information - AJU Hotel Dtla LLC in Los Angeles, CA

AJU Hotel Dtla LLC
929 S Broadway
Los Angeles, CA 90015

Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-34

Similar Companies near Los Angeles

In the Los Angeles area, 15 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 158) and received an average PPP loan of $319,427 (compared to this company's $1.99M).

Industry PPP Comparison Statistics

Nationwide, 82,605 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.95B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 23 employees, 85% lower than AJU Hotel Dtla LLC's reported 158 employees, and received an average PPP loan of $168,829, 92% lower than this company's loan of $1.99M.

SBA PPP loan data, payroll data, and salaries for AJU Hotel Dtla LLC
CA

AJU Hotel Dtla LLC

Entity: Limited Liability Company (LLC)

Industry: Sporting Goods Stores

Location: Los Angeles, CA

Search All PPP Data

AJU Hotel Dtla LLC is a limited liability company (LLC) located at 929 S Broadway in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $2,026,000.00 in April, 2020.

$ PPP Loan Information
Loan #8847477008

Loan Size:

$2.03M

Jobs Retained:

255

Loan Approved:

2020-04-08

Loan Status:

Ongoing Loan

Lender:

Hanmi Bank

AJU Hotel Dtla LLC in Los Angeles, CA received a Paycheck Protection Loan of $2.03M through Hanmi Bank, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, AJU Hotel Dtla LLC's 2019 payroll expenses are estimated to be at least $9.72M.

Based on their reported 255 jobs retained, this equals an estimated average yearly compensation of $38,136 per employee1

Reported PPP Proceed Usage:

On the PPP application, AJU Hotel Dtla LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,026,000
Because the loan received by AJU Hotel Dtla LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - AJU Hotel Dtla LLC in Los Angeles, CA

AJU Hotel Dtla LLC
929 S Broadway
Los Angeles, CA 90015

Business Industry:
Sporting Goods Stores
NAICS code 451110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-34

Similar Companies near Los Angeles

In the Los Angeles area, 8 businesses in the "Sporting Goods Stores" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 255) and received an average PPP loan of $288,548 (compared to this company's $2.03M).

Industry PPP Comparison Statistics

Nationwide, 13,835 businesses in the "Sporting Goods Stores" industry received a total of $738.33M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 8 employees, 97% lower than AJU Hotel Dtla LLC's reported 255 employees, and received an average PPP loan of $53,367, 97% lower than this company's loan of $2.03M.

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. Estimations for informational purposes only. 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!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/aju-hotel-dtla-llc-los-angeles-ca