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PPP Loan Data — CY Windy Hill Hospitality Partners LLC,
Atlanta, GA
FRANCHISE
GACY Windy Hill Hospitality Partners LLC
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Franchise: Courtyard by Marriott
Location: Atlanta, GA
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CY Windy Hill Hospitality Partners LLC is a limited liability company (LLC) located at 2045 S Park Pl Se in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $242,340.00 in May, 2021. This business is a Courtyard by Marriott franchise.
$
PPP Loan Information
Loan #8626129007
Loan Size:
Jobs Retained:
29Loan Approved:
2021-05-28Loan Status:
Ongoing LoanLender:
Metro City BankCY Windy Hill Hospitality Partners LLC in Atlanta, GA received a Paycheck Protection Loan of $242,340 through Metro City Bank, which was approved in May, 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 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, CY Windy Hill Hospitality Partners LLC's 2019 payroll expenses are estimated to be at least $1.16M.
Based on their reported 29 jobs retained, this equals an estimated average yearly compensation of $40,111 per employee1
Reported PPP Proceed Usage:
On the PPP application, CY Windy Hill Hospitality Partners LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $242,337
- Utilities: $1
Business Information - CY Windy Hill Hospitality Partners LLC in Atlanta, GA
2045 S Park Pl Se
Atlanta, GA 30339
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 Atlanta
In the Atlanta area, 53 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 29) and received an average PPP loan of $249,795 (compared to this company's $242,340).
Similar Nearby Businesses Who Received PPP Funding:
WDA Holdings LLC
Atlanta, GA
Riverstone Investments Atlanta, LLC
Atlanta, GA
The Loop In Cartersville LLC
Atlanta, GA
Sb&G Greenbelt Hotel, LLC
Atlanta, GA
Inn At American Way, LLC
Atlanta, GA
Chattanooga Hotel LLC
Atlanta, GA
The Pine Street Lodge LLC
Atlanta, GA
Windy Hill Hotel Partners, LLC
Atlanta, GA
The Tfs Group LLC
Atlanta, GA
Industry PPP Comparison Statistics
Nationwide, 82,605 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.95B 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, 21% lower than CY Windy Hill Hospitality Partners LLC's reported 29 employees, and received an average PPP loan of $168,829, 30% lower than this company's loan of $242,340.
CY Windy Hill Hospitality Partners LLC
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Location: Atlanta, GA
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CY Windy Hill Hospitality Partners LLC is a limited liability company (LLC) located at 3353 Peachtree Road Ne Tower Ste 930 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $166,867.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least 22 people during the applicable loan loan period.
$
PPP Loan Information
Loan #4755977707
Loan Size:
Jobs Retained:
22Loan Approved:
2020-05-01Loan Status:
Ongoing LoanLender:
Wells Fargo Bank, National AssociationCY Windy Hill Hospitality Partners LLC in Atlanta, GA received a Paycheck Protection Loan of $166,867 through Wells Fargo Bank, National Association, which was approved in May, 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 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, CY Windy Hill Hospitality Partners LLC's 2019 payroll expenses are estimated to be at least $800,962.
Based on their reported 22 jobs retained, this equals an estimated average yearly compensation of $36,407 per employee1
Reported PPP Proceed Usage:
On the PPP application, CY Windy Hill Hospitality Partners LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $166,867
Business Information - CY Windy Hill Hospitality Partners LLC in Atlanta, GA
3353 Peachtree Road Ne Tower Ste 930
Atlanta, GA 30326
Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Race: White
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Atlanta
In the Atlanta area, 86 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 22) and received an average PPP loan of $442,944 (compared to this company's $166,867).
Similar Nearby Businesses Who Received PPP Funding:
PHG Tupelo LLC
Atlanta, GA
Phvif Birmingham LLC
Atlanta, GA
Phvif II Liberty LLC
Atlanta, GA
Phvif Miami LLC
Atlanta, GA
Phvif Green Bay LLC
Atlanta, GA
Phvif Kansas City LLC
Atlanta, GA
Phvif Lone Tree LLC
Atlanta, GA
NF IIICi Orlando S Op Co LLC
Atlanta, GA
Paramount Hospitality Management
Atlanta, GA
Industry PPP Comparison Statistics
Nationwide, 82,605 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.95B 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, 5% higher than CY Windy Hill Hospitality Partners LLC's reported 22 employees, and received an average PPP loan of $168,829, 1% higher than this company's loan of $166,867.
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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