PPP Loan Data — American Youth Hostels, Inc.,
Silver Spring, MD
American Youth Hostels, Inc.
Entity: Non-profit Organization
Industry: All Other Traveler Accommodation
Location: Silver Spring, MD

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:
497Loan Approved:
2020-04-09Lender:
PEAPACK-GLADSTONE BANKAmerican 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.
Business Information - American Youth Hostels, Inc. in Silver Spring, MD
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-08Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
Fenton Cafe LLC
Silver Spring, MD
TAN Vinh Corporation
Silver Spring, MD
Melinie Scott
Silver Spring, MD
Zenahbezu Chekol
Silver Spring, MD
Ylma N Tadese
Silver Spring, MD
El Aguila Bar & Grill
Silver Spring, MD
Safiatou Traore
Silver Spring, MD
Cloud Sports Bar LLC
Silver Spring, MD
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!