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PPP Loan Data — Deekay Lodging Corp,
San Antonio, TX
FRANCHISE
TXDeekay Lodging Corp
Entity: Subchapter S Corporation
Industry: Hotels (except Casino Hotels) and Motels
Franchise: Holiday Inn Express (License Agreement)
Location: San Antonio, TX
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Deekay Lodging Corp is a subchapter s corporation located at 16315 San Pedro Ave in San Antonio, Texas that received a Coronavirus-related PPP loan from the SBA of $64,149.00 in February, 2021. This business is a Holiday Inn Express (License Agreement) franchise.
$
PPP Loan Information
Loan #8784698405
Loan Size:
Jobs Retained:
10Loan Approved:
2021-02-13Loan Status:
Paid in Full or ForgivenLender:
Texas Capital BankDeekay Lodging Corp in San Antonio, TX received a Paycheck Protection Loan of $64,149 through Texas Capital Bank, which was approved in February, 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 November, 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, Deekay Lodging Corp's 2019 payroll expenses are estimated to be at least $307,915.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $30,792 per employee1
Reported PPP Proceed Usage:
On the PPP application, Deekay Lodging Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $64,149
Business Information - Deekay Lodging Corp in San Antonio, TX
16315 San Pedro Ave
San Antonio, TX 78232
Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
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 San Antonio
In the San Antonio area, 42 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 10) and received an average PPP loan of $128,684 (compared to this company's $64,149).
Similar Nearby Businesses Who Received PPP Funding:
Quality Suites
San Antonio, TX
WCP Regent Live Oak, LLC
San Antonio, TX
Keena Hospitality
San Antonio, TX
Sangita Patel
San Antonio, TX
PHT 35, LLC
San Antonio, TX
Vitrag LTD
San Antonio, TX
OM Njvp Inc
San Antonio, TX
New Era Sa LLC
San Antonio, TX
Industry PPP Comparison Statistics
Nationwide, 81,995 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, 130% higher than Deekay Lodging Corp's reported 10 employees, and received an average PPP loan of $169,748, 165% higher than this company's loan of $64,149.
Deekay Lodging Corp
Entity: Subchapter S Corporation
Industry: Hotels (except Casino Hotels) and Motels
Location: San Antonio, TX
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•
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Deekay Lodging Corp is a subchapter s corporation located at 16315 San Pedro Ave. (hwy 281 N.) in San Antonio, Texas that received a Coronavirus-related PPP loan from the SBA of $52,203.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least ten people during the applicable loan loan period.
$
PPP Loan Information
Loan #4170527107
Loan Size:
Jobs Retained:
10Loan Approved:
2020-04-13Loan Status:
Paid in Full or ForgivenLender:
Texas Capital BankDeekay Lodging Corp in San Antonio, TX received a Paycheck Protection Loan of $52,203 through Texas Capital 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 June, 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, Deekay Lodging Corp's 2019 payroll expenses are estimated to be at least $250,574.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $25,057 per employee1
Reported PPP Proceed Usage:
On the PPP application, Deekay Lodging Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $40,003
- Utilities: $2,200
- Mortgage Interest: $10,000
Business Information - Deekay Lodging Corp in San Antonio, TX
16315 San Pedro Ave. (hwy 281 N.)
San Antonio, TX 78232
Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
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 San Antonio
In the San Antonio area, 42 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 10) and received an average PPP loan of $128,684 (compared to this company's $52,203).
Similar Nearby Businesses Who Received PPP Funding:
Quality Suites
San Antonio, TX
WCP Regent Live Oak, LLC
San Antonio, TX
Keena Hospitality
San Antonio, TX
Sangita Patel
San Antonio, TX
PHT 35, LLC
San Antonio, TX
Vitrag LTD
San Antonio, TX
OM Njvp Inc
San Antonio, TX
New Era Sa LLC
San Antonio, TX
Industry PPP Comparison Statistics
Nationwide, 81,995 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, 130% higher than Deekay Lodging Corp's reported 10 employees, and received an average PPP loan of $169,748, 225% higher than this company's loan of $52,203.
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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