PPP Loan Data — HP Lodging, LLC, Santa Fe, NM
HP Lodging, LLC is a corporation located at 646 Cerrillos Rd in Santa Fe, New Mexico that received a Coronavirus-related PPP loan from the SBA of $46,303.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
HP Lodging, LLC in Santa Fe, NM received a Paycheck Protection Loan of $46,303 through Bank of America, National Association, which was approved in May, 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, HP Lodging, LLC's 2019 payroll expenses are estimated to be at least $222,254.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $15,875 per employee1
Reported PPP Proceed Usage:
On the PPP application, HP Lodging, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,303
Business Information - HP Lodging, LLC in Santa Fe, NM
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than HP Lodging, LLC's reported 14 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $46,303.
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Footnotes & Information
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