PPP Loan Data — JAI Kapish Hospitality, Inc, Knoxville, TN
JAI Kapish Hospitality, Inc is a corporation located at 5640 Merchants Center Blvd in Knoxville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $45,800.00 in April, 2020. This business is a Motel 6 franchise.
The company has reported itself as a male owned business, and employed at least twelve people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
JAI Kapish Hospitality, Inc in Knoxville, TN received a Paycheck Protection Loan of $45,800 through Simply Bank, which was approved in April, 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, JAI Kapish Hospitality, Inc's 2019 payroll expenses are estimated to be at least $219,840.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $18,320 per employee1
Reported PPP Proceed Usage:
On the PPP application, JAI Kapish Hospitality, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,800
Business Information - JAI Kapish Hospitality, Inc in Knoxville, TN
5640 Merchants Center Blvd
Knoxville, TN 37912
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Knoxville
In the Knoxville area, 25 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 12) and received an average PPP loan of $91,198 (compared to this company's $45,800).
Similar Nearby Businesses Who Received PPP Funding:
TRU Partners, LLC
Trublu Hospitality, LLC
Scottish Inns North
Central Avenue Lodging Group
Shree Ganesh Hospitality, LLC
PHD Hotels, LLC
Industry PPP Comparison Statistics
Nationwide, 82,605 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.95B 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, 92% higher than JAI Kapish Hospitality, Inc's reported 12 employees, and received an average PPP loan of $168,829, 269% higher than this company's loan of $45,800.
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Footnotes & Information
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