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PPP Loan Data — Balboa Bay Club Ventures, LLC,
Newport Beach, CA
Balboa Bay Club Ventures, LLC
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Location: Newport Beach, CA
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Balboa Bay Club Ventures, LLC is a limited liability company (LLC) located at 1221 West Coast Highway in Newport Beach, California that received a Coronavirus-related PPP loan from the SBA of $3,631,668.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
455Loan Approved:
2020-04-12Lender:
FARMERS & MERCHANTS BANK OF LONG BEACHBalboa Bay Club Ventures, LLC in Newport Beach, CA received a Paycheck Protection Loan of $3.63M through FARMERS & MERCHANTS BANK OF LONG BEACH, which was approved in April, 2020.
Based on standard PPP eligibility rules, Balboa Bay Club Ventures, LLC's total 2019 payroll expenses were approximately $17.43M in order to qualify for the PPP loan amount received.
Based on their reported 455 jobs retained, this equals an estimated average yearly compensation of $38,312 per employee1.
Business Information - Balboa Bay Club Ventures, LLC in Newport Beach, CA
1221 West Coast Highway
Newport Beach, CA 92663
Business Industry
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-48Similar Companies near Newport Beach
In the Newport Beach area, 8 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 90 employees (compared to this company's 455) and received an average PPP loan of $796,313 (compared to this company's $3.63M).
Similar Nearby Businesses Who Received PPP Funding:
Ticketsocket, Inc
Newport Beach, CA
Rosemary Hospitality
Newport Beach, CA
Houston Hotel Partners, LLC
Newport Beach, CA
Cabrillo Properties - Newport Resorts Management
Newport Beach, CA
San Marcos Inn
Newport Beach, CA
Dorymans Inn, Inc
Newport Beach, CA
Lido House LLC
Newport Beach, CA
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, 95% lower than Balboa Bay Club Ventures, LLC's reported 455 employees, and received an average PPP loan of $161,149, 96% lower than this company's loan of $3.63M.
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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