PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Equity Hotel Supply Co. Inc, West Hollywood, CA

ALERT: There are 2 PPP loans for a total of $2.73M in our database for businesses with the name "Equity Hotel Supply Co. Inc" in West Hollywood, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Equity Hotel Supply Co. Inc
CA

Equity Hotel Supply Co. Inc

Entity: Corporation

Industry: Hotels (except Casino Hotels) and Motels

Location: West Hollywood, CA

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Equity Hotel Supply Co. Inc is a corporation located at 8400 W Sunset Blvd Ste 3a in West Hollywood, California that received a Coronavirus-related PPP loan from the SBA of $1,587,628.00 in January, 2021.

The company has reported itself as a male owned business, and employed at least 108 people during the applicable loan loan period.

$ PPP Loan Information
Loan #2189928302

Loan Size:

$1.59M

Jobs Retained:

108

Loan Approved:

2021-01-20

Loan Status:

Ongoing Loan

Lender:

Harvest Small Business Finance, LLC

Equity Hotel Supply Co. Inc in West Hollywood, CA received a Paycheck Protection Loan of $1.59M through Harvest Small Business Finance, LLC, which was approved in January, 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 More
Understanding 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 More

Based 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, Equity Hotel Supply Co. Inc's 2019 payroll expenses are estimated to be at least $7.62M.

Based on their reported 108 jobs retained, this equals an estimated average yearly compensation of $70,561 per employee1

Reported PPP Proceed Usage:

On the PPP application, Equity Hotel Supply Co. Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,587,628

Business Information - Equity Hotel Supply Co. Inc in West Hollywood, CA

Equity Hotel Supply Co. Inc
8400 W Sunset Blvd Ste 3a
West Hollywood, CA 90069

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

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-28

Similar Companies near West Hollywood

In the West Hollywood area, 39 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 108) and received an average PPP loan of $652,065 (compared to this company's $1.59M).

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, 79% lower than Equity Hotel Supply Co. Inc's reported 108 employees, and received an average PPP loan of $168,829, 89% lower than this company's loan of $1.59M.

SBA PPP loan data, payroll data, and salaries for Equity Hotel Supply Co., Inc
CA

Equity Hotel Supply Co., Inc

Entity: Corporation

Industry: Other Management Consulting Services

Location: West Hollywood, CA

Search All PPP Data

Equity Hotel Supply Co., Inc is a corporation located at 8400 W Sunset Blvd Suite 3a in West Hollywood, California that received a Coronavirus-related PPP loan from the SBA of $1,139,020.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 132 people during the applicable loan loan period.

$ PPP Loan Information
Loan #8829067206

Loan Size:

$1.14M

Jobs Retained:

132

Loan Approved:

2020-04-28

Loan Status:

Paid in Full or Forgiven

Lender:

Harvest Small Business Finance, LLC

Equity Hotel Supply Co., Inc in West Hollywood, CA received a Paycheck Protection Loan of $1.14M through Harvest Small Business Finance, LLC, 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 March, 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 More
Understanding 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 More

Based 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, Equity Hotel Supply Co., Inc's 2019 payroll expenses are estimated to be at least $5.47M.

Based on their reported 132 jobs retained, this equals an estimated average yearly compensation of $41,419 per employee1

Reported PPP Proceed Usage:

On the PPP application, Equity Hotel Supply Co., Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,134,020
  • Refinance EIDL: $5,000

Business Information - Equity Hotel Supply Co., Inc in West Hollywood, CA

Equity Hotel Supply Co., Inc
8400 W Sunset Blvd Suite 3a
West Hollywood, CA 90069

Business Industry:
Other Management Consulting Services
NAICS code 541618

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

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-28

Similar Companies near West Hollywood

In the West Hollywood area, 70 businesses in the "Other Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 132) and received an average PPP loan of $57,957 (compared to this company's $1.14M).

Industry PPP Comparison Statistics

Nationwide, 84,014 businesses in the "Other Management Consulting Services" industry received a total of $3.74B 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 4 employees, 97% lower than Equity Hotel Supply Co., Inc's reported 132 employees, and received an average PPP loan of $44,524, 96% lower than this company's loan of $1.14M.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/equity-hotel-supply-co-inc-west-hollywood-ca