PPP Loan Data — Goldsmith's Bed And Breakfast, Missoula, MT
Goldsmith's Bed And Breakfast is a sole proprietorship located at 803 East Front St in Missoula, Montana that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Goldsmith's Bed And Breakfast in Missoula, MT received a Paycheck Protection Loan of $25,000 through Glacier 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 December, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Goldsmith's Bed And Breakfast's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Goldsmith's Bed And Breakfast reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Goldsmith's Bed And Breakfast in Missoula, MT
803 East Front St
Missoula, MT 59802
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Missoula
In the Missoula area, 25 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 3) and received an average PPP loan of $117,613 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Clark Fork Hotel Investors
Lambert Hotel Management Corporation
Pooja Hospitality LLC
Billings Hotel Investors LLC
Citilodge Motel / Sleepy Inn Motel
BD Glacier Hospitality, Inc
WM. Watt, Inc
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, 667% higher than Goldsmith's Bed And Breakfast's reported 3 employees, and received an average PPP loan of $168,829, 575% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!