PPP Loan Data — Citytours Hawaii Incorporated, Honolulu, HI
Citytours Hawaii Incorporated
Location: Honolulu, HITweet This • Search All PPP Data
Citytours Hawaii Incorporated is a corporation located at 2424 Kalakaua Ave # 308 in Honolulu, Hawaii that received a Coronavirus-related PPP loan from the SBA of $25,345.00 in January, 2021.
The company has reported itself as an Asian female owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Central Pacific Bank
Citytours Hawaii Incorporated in Honolulu, HI received a Paycheck Protection Loan of $25,345 through Central Pacific Bank, which was approved in January, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Citytours Hawaii Incorporated's 2019 payroll expenses are estimated to be at least $121,656.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,828 per employee1
Reported PPP Proceed Usage:
On the PPP application, Citytours Hawaii Incorporated reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,345
Business Information - Citytours Hawaii Incorporated in Honolulu, HI
2424 Kalakaua Ave # 308
Honolulu, HI 96815
All Other Travel Arrangement and Reservation Services
NAICS code 561599
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Honolulu
In the Honolulu area, 19 businesses in the "All Other Travel Arrangement and Reservation Services" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 2) and received an average PPP loan of $36,775 (compared to this company's $25,345).
Similar Nearby Businesses Who Received PPP Funding:
T.b.s. USA Corporation
Aspiring Trips Inc
Paradise Watersports LLC
Tom Hawaii Inc
Hoihoi Hawaii LLC
Industry PPP Comparison Statistics
Nationwide, 5,904 businesses in the "All Other Travel Arrangement and Reservation Services" industry received a total of $279M 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 5 employees, 150% higher than Citytours Hawaii Incorporated's reported 2 employees, and received an average PPP loan of $47,256, 86% higher than this company's loan of $25,345.
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