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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
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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:
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).
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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.
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