PPP Loan Data — K & P Clearwater Estate, LLC, Tampa, FL
K & P Clearwater Estate, LLC is a limited liability company (LLC) located at 5600 Mariner St Ste 200 in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $2,611,065.00 in April, 2020.
$ PPP Loan Information
Lender:THE BANK OF TAMPA
K & P Clearwater Estate, LLC received a Paycheck Protection Loan of $2.61M through THE BANK OF TAMPA, which was approved in April, 2020.
Based on standard PPP eligibility rules, K & P Clearwater Estate, LLC's total 2019 payroll expenses were approximately $12.53M in order to qualify for the PPP loan amount received.
Based on their reported 267 jobs retained, this equals an estimated average yearly compensation of $46,940 per employee1.
Business Information - K & P Clearwater Estate, LLC in Tampa, FL
5600 Mariner St Ste 200
Tampa, FL 33609
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-14
Similar Companies near Tampa
In the Tampa area, 17 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 138 employees (compared to this company's 267) and received an average PPP loan of $1,218,776 (compared to this company's $2.61M).
Similar Nearby Businesses Who Received PPP Funding:
Orion Beach Development V, LLC
K & P Clearwater Estate II, LLC
Tahitian Inn, LLC
Westward Look Acquisition Group LLC
Westshore Hotel Owner LLC
Seaview Resort Acquisition Manager, LLC
Cheyenne Resort Acquisition Manager, LLC
Hammock Beach Acquisition Manager LLC
Sarasota Hotel Acquisition Manager, LLC
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, 92% lower than K & P Clearwater Estate, LLC's reported 267 employees, and received an average PPP loan of $161,149, 94% lower than this company's loan of $2.61M.
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.
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.
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