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PPP Loan Data — CR Operating LLC,
Fort Worth, TX
CR Operating LLC
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Location: Fort Worth, TX
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CR Operating LLC is a limited liability company (LLC) located at 111 E 5th St Ste 400 in Fort Worth, Texas that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.
$
PPP Loan Information
Loan #3469138605
Loan Size:
Jobs Retained:
500Loan Approved:
2021-03-17Loan Status:
Paid in Full or ForgivenLender:
Frost BankCR Operating LLC in Fort Worth, TX received a Paycheck Protection Loan of $2M through Frost Bank, which was approved in March, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in December, 2021.
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 MoreUnderstanding 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 MoreBased 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, CR Operating LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $19,200 per employee1
Reported PPP Proceed Usage:
On the PPP application, CR Operating LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,995
- Utilities: $1
Business Information - CR Operating LLC in Fort Worth, TX
111 E 5th St Ste 400
Fort Worth, TX 76102
Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Fort Worth
In the Fort Worth area, 36 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 119 employees (compared to this company's 500) and received an average PPP loan of $1,248,370 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Satguru Krupa, LLC
Fort Worth, TX
Gpif Wsan Riverwalk Hotel LLC
Fort Worth, TX
Gpif Brice Hotel Owner LLC
Fort Worth, TX
Gpif Crescent Court Hotel, LLC
Fort Worth, TX
Gpif Wpn Hotel LLC
Fort Worth, TX
1701 Commerce Acquisition, LLC
San Antonio, TX
Gpif Hotel At Avalon Owner LLC
Fort Worth, TX
Pinnacle Mission Valley, LP
Fort Worth, TX
Fossil Creek Hotel, LP
Fort Worth, TX
Industry PPP Comparison Statistics
Nationwide, 81,976 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.92B 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 23 employees, 95% lower than CR Operating LLC's reported 500 employees, and received an average PPP loan of $169,775, 92% lower than this company's loan of $2M.
CR Operating, LLC
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Location: Fort Worth, TX
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CR Operating, LLC is a limited liability company (LLC) located at 111 East 5th St. Ste 300 in Fort Worth, Texas that received a Coronavirus-related PPP loan from the SBA of $6,353,076.00 in April, 2020.
$
PPP Loan Information
Loan #7667657001
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-07Loan Status:
Paid in Full or ForgivenLender:
Frost BankCR Operating, LLC in Fort Worth, TX received a Paycheck Protection Loan of $6.35M through Frost Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in September, 2021.
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 MoreUnderstanding 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 MoreBased 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, CR Operating, LLC's 2019 payroll expenses are estimated to be at least $30.49M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $60,990 per employee1
Reported PPP Proceed Usage:
On the PPP application, CR Operating, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $6,353,076
Business Information - CR Operating, LLC in Fort Worth, TX
111 East 5th St. Ste 300
Fort Worth, TX 76102
Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Fort Worth
In the Fort Worth area, 36 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 119 employees (compared to this company's 500) and received an average PPP loan of $1,248,370 (compared to this company's $6.35M).
Similar Nearby Businesses Who Received PPP Funding:
Satguru Krupa, LLC
Fort Worth, TX
Gpif Wsan Riverwalk Hotel LLC
Fort Worth, TX
Gpif Brice Hotel Owner LLC
Fort Worth, TX
Gpif Crescent Court Hotel, LLC
Fort Worth, TX
Gpif Wpn Hotel LLC
Fort Worth, TX
1701 Commerce Acquisition, LLC
San Antonio, TX
Gpif Hotel At Avalon Owner LLC
Fort Worth, TX
Pinnacle Mission Valley, LP
Fort Worth, TX
Fossil Creek Hotel, LP
Fort Worth, TX
Industry PPP Comparison Statistics
Nationwide, 81,976 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.92B 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 23 employees, 95% lower than CR Operating, LLC's reported 500 employees, and received an average PPP loan of $169,775, 97% lower than this company's loan of $6.35M.
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. 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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