FederalPay.org
PPP Loan Data — Koury Corporation,
Greensboro, NC
Koury Corporation
Entity: Corporation
Industry: Hotels (except Casino Hotels) and Motels
Location: Greensboro, NC
Tweet This
•
Search All PPP Data
Koury Corporation is a corporation located at 2275 Vanstory St Ste 200 in Greensboro, North Carolina that received a Coronavirus-related PPP loan from the SBA of $3,491,220.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-05-01Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONKoury Corporation in Greensboro, NC received a Paycheck Protection Loan of $3.49M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Koury Corporation's total 2019 payroll expenses were approximately $16.76M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $33,516 per employee1.
Business Information - Koury Corporation in Greensboro, NC
2275 Vanstory St Ste 200
Greensboro, NC 27403
Business Industry
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NC-13Similar Companies near Greensboro
In the Greensboro area, 5 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 196 employees (compared to this company's 500) and received an average PPP loan of $1,234,991 (compared to this company's $3.49M).
Similar Nearby Businesses Who Received PPP Funding:
Pramukh Hotel Inc
Greensboro, NC
Radhaswami Investments, LLC
Greensboro, NC
Koury Ventures Limited Partnership
Greensboro, NC
Hospitality Associates Of Greensboro LP
Greensboro, NC
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, 96% lower than Koury Corporation's reported 500 employees, and received an average PPP loan of $161,149, 95% lower than this company's loan of $3.49M.
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!