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PPP Loan Data — Best American Hospitality Corp, Nashville, TN

SBA PPP loan data, payroll data, and salaries for Best American Hospitality Corp

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

Loan Size:


Jobs Retained:


Loan Approved:




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.

Because the loan received by Best American Hospitality Corp is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Best American Hospitality Corp in Nashville, TN

Best American Hospitality Corp
1717 Elm Hill Pike Ste B1
Nashville, TN 37210

Business Industry

Insurance Agencies and Brokerages (NAICS code 524210)

Business Owner Demographics

Race / Ethnicity: Unreported


Veteran Status: NON-VETERAN

Congressional District: TN-05

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.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By - The Civil Employee's Resource **