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PPP Loan Data — Cornell Hotel De France Inc.,
San Francisco, CA
Cornell Hotel De France Inc.
Entity: Subchapter S Corporation
Industry: Hotels (except Casino Hotels) and Motels
Location: San Francisco, CA
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Cornell Hotel De France Inc. is a subchapter s corporation located at 715 Bush St in San Francisco, California that received a Coronavirus-related PPP loan from the SBA of $281,360.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
27Loan Approved:
2020-04-30Lender:
BANK OF THE WESTCornell Hotel De France Inc. received a Paycheck Protection Loan of $281,360 through BANK OF THE WEST, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Cornell Hotel De France Inc.'s total 2019 payroll expenses were approximately $1.35M in order to qualify for the PPP loan amount received.
Based on their reported 27 jobs retained, this equals an estimated average yearly compensation of $50,020 per employee1.
Business Information - Cornell Hotel De France Inc. in San Francisco, CA
715 Bush St
San Francisco, CA 94108
Business Industry
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-12Similar Companies near San Francisco
In the San Francisco area, 55 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 27) and received an average PPP loan of $358,946 (compared to this company's $281,360).
Similar Nearby Businesses Who Received PPP Funding:
USA Hostels, San Francisco, Inc
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Euphoria Hospitality Inc.
San Francisco, CA
Verasa Management, LLC
San Francisco, CA
Capitol Regency LLC DBA Hyatt Regency Sacramento
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Poonam
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Roseville Hospitality LLC
San Francisco, CA
189 Seaside LLC
San Francisco, CA
Fresno Hotel Management LLC
San Francisco, CA
Nob Hill Motor Inn, Inc
San Fransisco, CA
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, 22% lower than Cornell Hotel De France Inc.'s reported 27 employees, and received an average PPP loan of $161,149, 43% lower than this company's loan of $281,360.
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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