PPP Loan Data — Harbor View Hotels, Inc, Burlingame, CA
Harbor View Hotels, Inc is a corporation located at 600 Airport Blvd in Burlingame, California that received a Coronavirus-related PPP loan from the SBA of $2,003,400.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Hawaiian Bank
Harbor View Hotels, Inc in Burlingame, CA received a Paycheck Protection Loan of $2M through First Hawaiian Bank, which was approved in April, 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, Harbor View Hotels, Inc's 2019 payroll expenses are estimated to be at least $9.62M.
Based on their reported 176 jobs retained, this equals an estimated average yearly compensation of $54,638 per employee1
Reported PPP Proceed Usage:
On the PPP application, Harbor View Hotels, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,003,400
Business Information - Harbor View Hotels, Inc in Burlingame, CA
600 Airport Blvd
Burlingame, CA 94010
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: N
Rural / Urban: Urban
Similar Companies near Burlingame
In the Burlingame area, 10 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 55 employees (compared to this company's 176) and received an average PPP loan of $591,175 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
300 Fairgrounds Drive
300 Fairgrounds Drive LLC
Upsky San Francisco Airport Hotel, LLC
1309 West Shaw LLC
Zenique Hotel Management, LLC
Suite Spots Inc
765 Airport Boulevard Partnership
Ongerth Hospitality Management 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, 87% lower than Harbor View Hotels, Inc's reported 176 employees, and received an average PPP loan of $168,829, 92% lower than this company's loan of $2M.
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Footnotes & Information
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