PPP Loan Data — First Class Hotels, LLC, Natchitoches, LA
First Class Hotels, LLC is a limited liability company (LLC) located at 769 Highway 494 in Natchitoches, Louisiana that received a Coronavirus-related PPP loan from the SBA of $3,222,200.00 in April, 2020.
$ PPP Loan Information
First Class Hotels, LLC in Natchitoches, LA received a Paycheck Protection Loan of $3.22M through BOM BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, First Class Hotels, LLC's total 2019 payroll expenses were approximately $15.47M in order to qualify for the PPP loan amount received.
Based on their reported 338 jobs retained, this equals an estimated average yearly compensation of $45,759 per employee1.
Business Information - First Class Hotels, LLC in Natchitoches, LA
769 Highway 494
Natchitoches, LA 71457
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: LA-04
Similar Companies near Natchitoches
In the Natchitoches area, 12 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 338) and received an average PPP loan of $616,877 (compared to this company's $3.22M).
Similar Nearby Businesses Who Received PPP Funding:
Natchitoches Lodging Partners, LLC
Sharplin Hotels Inc.
Metro Hospitality, LLC
Dimension Development Two, LLC
Metro Lodging, LLC
Church Street Inn Of La, LLC
Premium Hotels LLC
Industry PPP Comparison Statistics
Nationwide, 41,528 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $6,692,184,447.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 94% lower than First Class Hotels, LLC's reported 338 employees, and received an average PPP loan of $161,149, 95% lower than this company's loan of $3.22M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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