PPP Loan Data — Bvwm Fort Pitt Trs, LLC, Pittsburgh, PA
Bvwm Fort Pitt Trs, LLC is a limited liability company (LLC) located at 435 Fort Pitt Blvd in Pittsburgh, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $124,400.00 in April, 2020.
$ PPP Loan Information
Lender:MID PENN BANK
Bvwm Fort Pitt Trs, LLC received a Paycheck Protection Loan of $124,400 through MID PENN BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Bvwm Fort Pitt Trs, LLC's total 2019 payroll expenses were approximately $597,120 in order to qualify for the PPP loan amount received.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $42,651 per employee1.
Business Information - Bvwm Fort Pitt Trs, LLC in Pittsburgh, PA
435 Fort Pitt Blvd
Pittsburgh, PA 15219
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-18
Similar Companies near Pittsburgh
In the Pittsburgh area, 6 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 92 employees (compared to this company's 14) and received an average PPP loan of $1,086,330 (compared to this company's $124,400).
Similar Nearby Businesses Who Received PPP Funding:
600 William Penn Place Associates Master Tenant, LP
MJ Pittsburgh Dt, LLC
Omni Pittsburgh Corporation
424 Third Ave Pittsburgh LLC
Elmpros Hotel, LLC
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, 50% higher than Bvwm Fort Pitt Trs, LLC's reported 14 employees, and received an average PPP loan of $161,149, 30% higher than this company's loan of $124,400.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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