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PPP Loan Data — Hagadone Hospitality Co., Coeur D Alene, ID

SBA PPP loan data, payroll data, and salaries for Hagadone Hospitality Co.
ID

Hagadone Hospitality Co.

Entity: Corporation

Industry: Hotels (except Casino Hotels) and Motels

Location: Coeur D Alene, ID

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Hagadone Hospitality Co. is a corporation located at 115 S 2nd St. in Coeur D Alene, Idaho that received a Coronavirus-related PPP loan from the SBA of $3,283,755.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.28M

Jobs Retained:

500

Loan Approved:

2020-04-29

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Hagadone Hospitality Co. in Coeur D Alene, ID received a Paycheck Protection Loan of $3.28M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Hagadone Hospitality Co.'s total 2019 payroll expenses were approximately $15.76M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $31,524 per employee1.

Because the loan received by Hagadone Hospitality Co. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Hagadone Hospitality Co. in Coeur D Alene, ID

Hagadone Hospitality Co.
115 S 2nd St.
Coeur D Alene, ID 83814

Business Industry

Hotels (except Casino Hotels) and Motels (NAICS code 721110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: ID-01

Similar Companies near Coeur D Alene

In the Coeur D Alene area, 12 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 56 employees (compared to this company's 500) and received an average PPP loan of $355,362 (compared to this company's $3.28M).

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, 96% lower than Hagadone Hospitality Co.'s reported 500 employees, and received an average PPP loan of $161,149, 95% lower than this company's loan of $3.28M.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/hagadone-hospitality-co-coeur-d-alene-id