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PPP Loan Data — American Youth Hostels, Inc., Silver Spring, MD

SBA PPP loan data, payroll data, and salaries for American Youth Hostels, Inc.
MD Nonprofit Organization

American Youth Hostels, Inc.

Entity: Non-profit Organization

Industry: All Other Traveler Accommodation

Location: Silver Spring, MD

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American Youth Hostels, Inc. is a non-profit organization located at 8401 Colesville Rd, Suite 600 in Silver Spring, Maryland that received a Coronavirus-related PPP loan from the SBA of $5,111,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




American Youth Hostels, Inc. in Silver Spring, MD received a Paycheck Protection Loan of $5.11M through PEAPACK-GLADSTONE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, American Youth Hostels, Inc.'s total 2019 payroll expenses were approximately $24.54M in order to qualify for the PPP loan amount received.

Based on their reported 497 jobs retained, this equals an estimated average yearly compensation of $49,369 per employee1.

Because the loan received by American Youth Hostels, Inc. 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 - American Youth Hostels, Inc. in Silver Spring, MD

American Youth Hostels, Inc.
8401 Colesville Rd, Suite 600
Silver Spring, MD 20910

Business Industry

All Other Traveler Accommodation (NAICS code 721199)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MD-08

Similar Companies near Silver Spring

In the Silver Spring area, 9 businesses in the "All Other Traveler Accommodation" industry received a PPP loan. These local businesses reported an average of 55 employees (compared to this company's 497) and received an average PPP loan of $584,262 (compared to this company's $5.11M).

Industry PPP Comparison Statistics

Nationwide, 11,966 businesses in the "All Other Traveler Accommodation" industry received a total of $550,870,656.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 4 employees, 99% lower than American Youth Hostels, Inc.'s reported 497 employees, and received an average PPP loan of $46,036, 99% lower than this company's loan of $5.11M.

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.

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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 - The Civil Employee's Resource **