FederalPay.org
PPP Loan Data — High Hotels, LTD,
Lancaster, PA
High Hotels, LTD
Entity: Corporation
Industry: Hotels (except Casino Hotels) and Motels
Location: Lancaster, PA
Tweet This
•
Search All PPP Data
High Hotels, LTD is a corporation located at 1853 William Penn Way in Lancaster, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,801,248.00 in June, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
435Loan Approved:
2020-06-29Lender:
FULTON BANK, NATIONAL ASSOCIATIONHigh Hotels, LTD in Lancaster, PA received a Paycheck Protection Loan of $3.8M through FULTON BANK, NATIONAL ASSOCIATION, which was approved in June, 2020.
Based on standard PPP eligibility rules, High Hotels, LTD's total 2019 payroll expenses were approximately $18.25M in order to qualify for the PPP loan amount received.
Based on their reported 435 jobs retained, this equals an estimated average yearly compensation of $41,945 per employee1.
Business Information - High Hotels, LTD in Lancaster, PA
1853 William Penn Way
Lancaster, PA 17601
Business Industry
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: PA-11Similar Companies near Lancaster
In the Lancaster area, 28 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 46 employees (compared to this company's 435) and received an average PPP loan of $403,625 (compared to this company's $3.8M).
Similar Nearby Businesses Who Received PPP Funding:
York Sherwood Associates, LP
Lancaster, PA
BM Hospitality Inc.
Lancaster, PA
Thirty Inc.
Lancaster, PA
Chestnut Street Hotel Incorporated
Lancaster, PA
KVH, LLC
Lancaster, PA
Horst Hotels Granite LP
Lancaster, PA
Ypci, Inc.
Lancaster, PA
44 Lancaster Associates LLC
Lancaster, PA
Penn Square Partners
Lancaster, PA
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, 95% lower than High Hotels, LTD's reported 435 employees, and received an average PPP loan of $161,149, 96% lower than this company's loan of $3.8M.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!