PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Hdda - Sheffield LLC, New York, NY

ALERT: There are 2 PPP loans for a total of $262,299 in our database for businesses with the name "Hdda - Sheffield LLC" in New York, NY. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Hdda - Sheffield LLC

FRANCHISE

NY

Hdda - Sheffield LLC

Entity: Limited Liability Company (LLC)

Industry: Hotels (except Casino Hotels) and Motels

Franchise: Clarion Inn by Choice Hotels/Clarion Inn & Suites by Choice Hotels/Clarion Pointe by Choice Hotels

Location: New York, NY

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Hdda - Sheffield LLC is a limited liability company (LLC) located at 350 Park Ave Fl 16 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $149,999.00 in March, 2021. This business is a Clarion Inn by Choice Hotels/Clarion Inn & Suites by Choice Hotels/Clarion Pointe by Choice Hotels franchise.

$ PPP Loan Information
Loan #8481608501

Loan Size:

$149,999

Jobs Retained:

37

Loan Approved:

2021-03-10

Loan Status:

Paid in Full or Forgiven

Lender:

Liberty SBF Holdings LLC

Hdda - Sheffield LLC in New York, NY received a Paycheck Protection Loan of $149,999 through Liberty SBF Holdings LLC, which was approved in March, 2021.

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 March, 2021.

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 More
Understanding 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 More

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, Hdda - Sheffield LLC's 2019 payroll expenses are estimated to be at least $719,995.

Based on their reported 37 jobs retained, this equals an estimated average yearly compensation of $19,459 per employee1

Reported PPP Proceed Usage:

On the PPP application, Hdda - Sheffield LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $149,999

Business Information - Hdda - Sheffield LLC in New York, NY

Hdda - Sheffield LLC
350 Park Ave Fl 16
New York, NY 10022

Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

New York County, NY — SBA Office 0202 — Congressional District: NY-12

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Hdda - Sheffield LLC.

Hdda - Grand Rapids LLC
Hotels (except Casino Hotels) and Motels

$505,187 PPP Loan

Similar Companies near New York

In the New York area, 78 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 87 employees (compared to this company's 37) and received an average PPP loan of $1,156,957 (compared to this company's $149,999).

Industry PPP Comparison Statistics

Nationwide, 81,980 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.92B 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, 38% lower than Hdda - Sheffield LLC's reported 37 employees, and received an average PPP loan of $169,779, 13% higher than this company's loan of $149,999.

SBA PPP loan data, payroll data, and salaries for Hdda Sheffield LLC
NY

Hdda Sheffield LLC

Entity: Limited Liability Company (LLC)

Industry: Hotels (except Casino Hotels) and Motels

Location: New York, NY

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Hdda Sheffield LLC is a limited liability company (LLC) located at 350 Park Ave., 16th Floor in New York, New York that received a Coronavirus-related PPP loan from the SBA of $112,300.00 in June, 2020.

$ PPP Loan Information
Loan #7409187903

Loan Size:

$112,300

Jobs Retained:

37

Loan Approved:

2020-06-17

Loan Status:

Ongoing Loan

Lender:

Celtic Bank Corporation

Hdda Sheffield LLC in New York, NY received a Paycheck Protection Loan of $112,300 through Celtic Bank Corporation, which was approved in June, 2020.

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 More
Understanding 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 More

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, Hdda Sheffield LLC's 2019 payroll expenses are estimated to be at least $539,040.

Based on their reported 37 jobs retained, this equals an estimated average yearly compensation of $14,569 per employee1

Reported PPP Proceed Usage:

On the PPP application, Hdda Sheffield LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $112,300

Business Information - Hdda Sheffield LLC in New York, NY

Hdda Sheffield LLC
350 Park Ave., 16th Floor
New York, NY 10022

Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

New York County, NY — SBA Office 0202 — Congressional District: NY-12

Similar Companies near New York

In the New York area, 78 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 87 employees (compared to this company's 37) and received an average PPP loan of $1,156,957 (compared to this company's $112,300).

Industry PPP Comparison Statistics

Nationwide, 81,980 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.92B 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, 38% lower than Hdda Sheffield LLC's reported 37 employees, and received an average PPP loan of $169,779, 51% higher than this company's loan of $112,300.

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.

Search FederalPay's Full PPP Loan Database

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/hdda-sheffield-llc-new-york-ny