PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Cclv Luxury Hotel Holding LLC, Las Vegas, NV

ALERT: There are 2 PPP loans for a total of $7.89M in our database for businesses with the name "Cclv Luxury Hotel Holding LLC" in Las Vegas, NV. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Cclv Luxury Hotel Holding LLC

FRANCHISE

NV

Cclv Luxury Hotel Holding LLC

Entity: Limited Liability Company (LLC)

Industry: Hotels (except Casino Hotels) and Motels

Franchise: Waldorf Astoria

Location: Las Vegas, NV

Search All PPP Data

Cclv Luxury Hotel Holding LLC is a limited liability company (LLC) located at 3752 Las Vegas Blvd S in Las Vegas, Nevada that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021. This business is a Waldorf Astoria franchise.

The company has reported itself as a female owned business, and employed at least 179 people during the applicable loan loan period.

$ PPP Loan Information
Loan #4345098402

Loan Size:

$2M

Jobs Retained:

179

Loan Approved:

2021-02-06

Loan Status:

Ongoing Loan

Lender:

East West Bank

Cclv Luxury Hotel Holding LLC in Las Vegas, NV received a Paycheck Protection Loan of $2M through East West Bank, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Cclv Luxury Hotel Holding LLC's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 179 jobs retained, this equals an estimated average yearly compensation of $53,631 per employee1

Reported PPP Proceed Usage:

On the PPP application, Cclv Luxury Hotel Holding LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,994
  • Utilities: $1
Because the loan received by Cclv Luxury Hotel Holding LLC 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 - Cclv Luxury Hotel Holding LLC in Las Vegas, NV

Cclv Luxury Hotel Holding LLC
3752 Las Vegas Blvd S
Las Vegas, NV 89158

Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Female Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Clark County, NV — SBA Office 0944 — Congressional District: NV-01

Similar Companies near Las Vegas

In the Las Vegas area, 2 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 335 employees (compared to this company's 179) and received an average PPP loan of $3,945,300 (compared to this company's $2M).

Similar Nearby Businesses Who Received PPP Funding:

Cclv Luxury Hotel Holding, LLC
Las Vegas, NV

$5.89M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 76,920 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.34B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 24 employees, 87% lower than Cclv Luxury Hotel Holding LLC's reported 179 employees, and received an average PPP loan of $173,427, 91% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Cclv Luxury Hotel Holding, LLC
NV

Cclv Luxury Hotel Holding, LLC

Entity: Limited Liability Company (LLC)

Industry: Hotels (except Casino Hotels) and Motels

Location: Las Vegas, NV

Search All PPP Data

Cclv Luxury Hotel Holding, LLC is a limited liability company (LLC) located at 3752 Las Vegas Blvd S in Las Vegas, Nevada that received a Coronavirus-related PPP loan from the SBA of $5,890,600.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 490 people during the applicable loan loan period.

$ PPP Loan Information
Loan #1046837105

Loan Size:

$5.89M

Jobs Retained:

490

Loan Approved:

2020-04-09

Loan Status:

Ongoing Loan

Lender:

East West Bank

Cclv Luxury Hotel Holding, LLC in Las Vegas, NV received a Paycheck Protection Loan of $5.89M through East West Bank, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Cclv Luxury Hotel Holding, LLC's 2019 payroll expenses are estimated to be at least $28.27M.

Based on their reported 490 jobs retained, this equals an estimated average yearly compensation of $57,704 per employee1

Reported PPP Proceed Usage:

On the PPP application, Cclv Luxury Hotel Holding, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $5,890,600
Because the loan received by Cclv Luxury Hotel Holding, LLC 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 - Cclv Luxury Hotel Holding, LLC in Las Vegas, NV

Cclv Luxury Hotel Holding, LLC
3752 Las Vegas Blvd S
Las Vegas, NV 89158

Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Clark County, NV — SBA Office 0944 — Congressional District: NV-01

Similar Companies near Las Vegas

In the Las Vegas area, 2 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 335 employees (compared to this company's 490) and received an average PPP loan of $3,945,300 (compared to this company's $5.89M).

Similar Nearby Businesses Who Received PPP Funding:

Cclv Luxury Hotel Holding LLC
Las Vegas, NV

$2M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 76,920 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.34B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 24 employees, 95% lower than Cclv Luxury Hotel Holding, LLC's reported 490 employees, and received an average PPP loan of $173,427, 97% lower than this company's loan of $5.89M.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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 www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/cclv-luxury-hotel-holding-llc-las-vegas-nv