FederalPay.org
PPP Loan Data — Hazens Investment LLC,
Arcadia, CA
FRANCHISE
CAHazens Investment LLC
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Franchise: Sheraton
Location: Arcadia, CA
Tweet This
•
Search All PPP Data
Hazens Investment LLC is a limited liability company (LLC) located at 135 E Live Oak Ave in Arcadia, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021. This business is a Sheraton franchise.
The company has reported itself as a male owned business, and employed at least 177 people during the applicable loan loan period.
$
PPP Loan Information
Loan #9326628305
Loan Size:
Jobs Retained:
177Loan Approved:
2021-01-30Loan Status:
Ongoing LoanLender:
East West BankHazens Investment LLC in Arcadia, CA received a Paycheck Protection Loan of $2M through East West Bank, 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 MoreUnderstanding 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 MoreBased 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, Hazens Investment LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 177 jobs retained, this equals an estimated average yearly compensation of $54,237 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hazens Investment LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,995
- Utilities: $1
Business Information - Hazens Investment LLC in Arcadia, CA
135 E Live Oak Ave
Arcadia, CA 91006
Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Hazens Investment LLC.
JIA Yuan USA Co Inc
Hotels (except Casino Hotels) and Motels
Similar Companies near Arcadia
In the Arcadia area, 21 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 59 employees (compared to this company's 177) and received an average PPP loan of $662,241 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
DCI Sat LLC
Arcadia, CA
4500 Buck Owens Blvd LP
Arcadia, CA
PI Properties No. 42, LLC
Arcadia, CA
U.s. Shun Tat Investment Inc
Arcadia, CA
PI New Iberia Hotels LLC
Arcadia, CA
JIA Yuan USA Co., Inc
Arcadia, CA
Laredo Hotel Group LP
Arcadia, CA
Calexico Hotel Group LP
Arcadia, CA
Heprand Hospitality Inc
Arcadia, CA
Industry PPP Comparison Statistics
Nationwide, 81,953 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.91B 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 Hazens Investment LLC's reported 177 employees, and received an average PPP loan of $169,738, 92% lower than this company's loan of $2M.
Hazens Investment LLC
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Location: Arcadia, CA
Tweet This
•
Search All PPP Data
Hazens Investment LLC is a limited liability company (LLC) located at 135 E. Live Oak Ave in Arcadia, California that received a Coronavirus-related PPP loan from the SBA of $3,366,600.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 350 people during the applicable loan loan period.
$
PPP Loan Information
Loan #1184087103
Loan Size:
Jobs Retained:
350Loan Approved:
2020-04-10Loan Status:
Paid in Full or ForgivenLender:
East West BankHazens Investment LLC in Arcadia, CA received a Paycheck Protection Loan of $3.37M through East West 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 April, 2022.
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 MoreUnderstanding 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 MoreBased 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, Hazens Investment LLC's 2019 payroll expenses are estimated to be at least $16.16M.
Based on their reported 350 jobs retained, this equals an estimated average yearly compensation of $46,171 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hazens Investment LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,366,600
Business Information - Hazens Investment LLC in Arcadia, CA
135 E. Live Oak Ave
Arcadia, CA 91006
Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Hazens Investment LLC.
JIA Yuan USA Co., Inc
Hotels (except Casino Hotels) and Motels
Similar Companies near Arcadia
In the Arcadia area, 21 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 59 employees (compared to this company's 350) and received an average PPP loan of $662,241 (compared to this company's $3.37M).
Similar Nearby Businesses Who Received PPP Funding:
DCI Sat LLC
Arcadia, CA
4500 Buck Owens Blvd LP
Arcadia, CA
PI Properties No. 42, LLC
Arcadia, CA
U.s. Shun Tat Investment Inc
Arcadia, CA
PI New Iberia Hotels LLC
Arcadia, CA
JIA Yuan USA Co., Inc
Arcadia, CA
Laredo Hotel Group LP
Arcadia, CA
Calexico Hotel Group LP
Arcadia, CA
Heprand Hospitality Inc
Arcadia, CA
Industry PPP Comparison Statistics
Nationwide, 81,953 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.91B 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, 93% lower than Hazens Investment LLC's reported 350 employees, and received an average PPP loan of $169,738, 95% lower than this company's loan of $3.37M.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!