PPP Loan Data — High Hotels, LTD, Lancaster, PA
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
Lender:FULTON BANK, NATIONAL ASSOCIATION
High 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
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-11
Similar 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
BM Hospitality Inc.
Chestnut Street Hotel Incorporated
Horst Hotels Granite LP
44 Lancaster Associates LLC
Penn Square Partners
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.
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Footnotes & Information
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