PPP Loan Data — Best American Hospitality Corp,
Nashville, TN
Best American Hospitality Corp
Entity: Corporation
Industry: Insurance Agencies and Brokerages
Location: Nashville, TN

Best American Hospitality Corp is a corporation located at 1717 Elm Hill Pike Ste B1 in Nashville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $7,858,865.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-05-01Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONBest American Hospitality Corp in Nashville, TN received a Paycheck Protection Loan of $7.86M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Best American Hospitality Corp's total 2019 payroll expenses were approximately $37.72M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $75,445 per employee1.
Business Information - Best American Hospitality Corp in Nashville, TN
1717 Elm Hill Pike Ste B1
Nashville, TN 37210
Business Industry
Insurance Agencies and Brokerages (NAICS code 524210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: TN-05Similar Companies near Nashville
In the Nashville area, 24 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 500) and received an average PPP loan of $458,627 (compared to this company's $7.86M).
Similar Nearby Businesses Who Received PPP Funding:
Marc Gant DBA State Farm Agency
Nashville, TN
Ashley Stewart
Nashville, TN
Marc Gant DBA State Farm Insurance Agency
Nashville, TN
El Bronco Partners LLC
Nashville, TN
Calvin Williams
Nashville, TN
Premier Holdings, LLC
Nashville, TN
Mark Mckay DBA Mark O Mckay Insurance
Nashville, TN
ABC Insurance Group
Nashville, TN
Christine Lee
Nashville, TN
Industry PPP Comparison Statistics
Nationwide, 90,958 businesses in the "Insurance Agencies and Brokerages" industry received a total of $4,494,836,388.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 99% lower than Best American Hospitality Corp's reported 500 employees, and received an average PPP loan of $49,417, 99% lower than this company's loan of $7.86M.
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!