TN

Best American Hospitality Corp

Entity: Corporation

Industry: Insurance Agencies and Brokerages

Location: Nashville, TN

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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

Best 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

Similar 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).

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.