PPP Loan Data — Castlerock Hospitality Employees LLC, Nashville, TN
Castlerock Hospitality Employees LLC is a limited liability company (LLC) located at 401 Church St in Nashville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $4,773,300.00 in April, 2020.
$ PPP Loan Information
Castlerock Hospitality Employees LLC in Nashville, TN received a Paycheck Protection Loan of $4.77M through PINNACLE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Castlerock Hospitality Employees LLC's total 2019 payroll expenses were approximately $22.91M 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 $45,824 per employee1.
Business Information - Castlerock Hospitality Employees LLC in Nashville, TN
401 Church St
Nashville, TN 37219
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TN-05
Similar Companies near Nashville
In the Nashville area, 8 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 137 employees (compared to this company's 500) and received an average PPP loan of $1,219,243 (compared to this company's $4.77M).
Similar Nearby Businesses Who Received PPP Funding:
Continental Inns Of America, 7Th & Union LLC
Historic Hotels Of Nashville, LLC
Market Square Hotel, LLC
Vacations 4 You, LLC
401 Union Hotel LLC
Downtown Nashville Hospitality Leaseco, LLC
RB Nashville 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, 96% lower than Castlerock Hospitality Employees LLC's reported 500 employees, and received an average PPP loan of $161,149, 97% lower than this company's loan of $4.77M.
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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