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PPP Loan Data — CSC Holdings, LLC,
Ft Mitchell, KY
FRANCHISE
KYCSC Holdings, LLC
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Franchise: Marriott/JW Marriott
Location: Ft Mitchell, KY
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CSC Holdings, LLC is a limited liability company (LLC) located at 740 Centre View Blvd in Ft Mitchell, Kentucky that received a Coronavirus-related PPP loan from the SBA of $9,918,252.00 in April, 2020. This business is a Marriott/JW Marriott franchise.
The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.
$
PPP Loan Information
Loan #5843107001
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-06Loan Status:
Paid in Full or ForgivenLender:
The Huntington National BankCSC Holdings, LLC in Ft Mitchell, KY received a Paycheck Protection Loan of $9.92M through The Huntington National 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, 2022.
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, CSC Holdings, LLC's 2019 payroll expenses are estimated to be at least $47.61M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $95,215 per employee1
Reported PPP Proceed Usage:
On the PPP application, CSC Holdings, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $9,918,252
Business Information - CSC Holdings, LLC in Ft Mitchell, KY
740 Centre View Blvd
Ft Mitchell, KY 41017
Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 6 other businesses that received a PPP loan registered to the same address as CSC Holdings, LLC.
Douglas Kisker
Investment Advice
River Hills Consulting LLC
Administrative Management and General Management Consulting Services
Columbia Sussex Management LLC
Hotels (except Casino Hotels) and Motels
Sussex Holdings LLC
Hotels (except Casino Hotels) and Motels
Columbia Hospitality LLC
Hotels (except Casino Hotels) and Motels
Columbia Hospitality Mezz, LLC
Hotels (except Casino Hotels) and Motels
Similar Companies near Ft Mitchell
In the Ft Mitchell area, 33 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 113 employees (compared to this company's 500) and received an average PPP loan of $1,455,411 (compared to this company's $9.92M).
Similar Nearby Businesses Who Received PPP Funding:
CP Minneapolis LLC
Crestview Hills, KY
Hestia Hospitality LLC
Erlanger, KY
Sussex Holdings LLC
Ft Mitchell, KY
Columbia East Lansing Hotel Inc
Crestview Hills, KY
CP West Chester LLC
Crestview Hills, KY
CP Chicago O'hare LLC
Ft Mitchell, KY
Welcome Hotels Of Ky Inc
Erlanger, KY
Columbia Hospitality Mezz, LLC
Ft Mitchell, KY
Industry PPP Comparison Statistics
Nationwide, 81,979 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 CSC Holdings, LLC's reported 500 employees, and received an average PPP loan of $169,801, 98% lower than this company's loan of $9.92M.
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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