PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Leap Inn Inc. DBA Hotel Vienna, Windham, NY

ALERT: There are 2 PPP loans for a total of $103,462 in our database for businesses with the name "Leap Inn Inc. DBA Hotel Vienna" in Windham, NY. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Leap Inn Inc. DBA Hotel Vienna
NY

Leap Inn Inc. DBA Hotel Vienna

Entity: Corporation

Industry: Hotels (except Casino Hotels) and Motels

Location: Windham, NY

Search All PPP Data

Leap Inn Inc. DBA Hotel Vienna is a corporation located at 107 State Route 296 in Windham, New York that received a Coronavirus-related PPP loan from the SBA of $56,662.00 in January, 2021.

The company has reported itself as a female owned business, and employed at least seven people during the applicable loan loan period.

$ PPP Loan Information
Loan #2964978308

Loan Size:

$56,662

Jobs Retained:

7

Loan Approved:

2021-01-21

Loan Status:

Paid in Full or Forgiven

Lender:

The Bank of Greene County

Leap Inn Inc. DBA Hotel Vienna in Windham, NY received a Paycheck Protection Loan of $56,662 through The Bank of Greene County, which was approved in January, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in August, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Leap Inn Inc. DBA Hotel Vienna's 2019 payroll expenses are estimated to be at least $271,978.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $38,854 per employee1

Reported PPP Proceed Usage:

On the PPP application, Leap Inn Inc. DBA Hotel Vienna reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $56,661

Business Information - Leap Inn Inc. DBA Hotel Vienna in Windham, NY

Leap Inn Inc. DBA Hotel Vienna
107 State Route 296
Windham, NY 12496

Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Greene County, NY — SBA Office 0248 — Congressional District: NY-19

Similar Companies near Windham

In the Windham area, 7 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 105 employees (compared to this company's 7) and received an average PPP loan of $518,853 (compared to this company's $56,662).

Industry PPP Comparison Statistics

Nationwide, 81,995 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.92B 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, 229% higher than Leap Inn Inc. DBA Hotel Vienna's reported 7 employees, and received an average PPP loan of $169,748, 200% higher than this company's loan of $56,662.

SBA PPP loan data, payroll data, and salaries for Leap Inn, Inc. DBA Hotel Vienna
NY

Leap Inn, Inc. DBA Hotel Vienna

Entity: Corporation

Industry: Hotels (except Casino Hotels) and Motels

Location: Windham, NY

Search All PPP Data

Leap Inn, Inc. DBA Hotel Vienna is a corporation located at 107 State Route 296 in Windham, New York that received a Coronavirus-related PPP loan from the SBA of $46,800.00 in April, 2020.

The company has reported itself as a White female owned business, and employed at least four people during the applicable loan loan period.

$ PPP Loan Information
Loan #1362977103

Loan Size:

$46,800

Jobs Retained:

4

Loan Approved:

2020-04-10

Loan Status:

Paid in Full or Forgiven

Lender:

The Bank of Greene County

Leap Inn, Inc. DBA Hotel Vienna in Windham, NY received a Paycheck Protection Loan of $46,800 through The Bank of Greene County, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in November, 2020.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Leap Inn, Inc. DBA Hotel Vienna's 2019 payroll expenses are estimated to be at least $224,640.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,160 per employee1

Reported PPP Proceed Usage:

On the PPP application, Leap Inn, Inc. DBA Hotel Vienna reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $46,800

Business Information - Leap Inn, Inc. DBA Hotel Vienna in Windham, NY

Leap Inn, Inc. DBA Hotel Vienna
107 State Route 296
Windham, NY 12496

Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Greene County, NY — SBA Office 0248 — Congressional District: NY-19

Similar Companies near Windham

In the Windham area, 7 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 105 employees (compared to this company's 4) and received an average PPP loan of $518,853 (compared to this company's $46,800).

Industry PPP Comparison Statistics

Nationwide, 81,995 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.92B 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, 475% higher than Leap Inn, Inc. DBA Hotel Vienna's reported 4 employees, and received an average PPP loan of $169,748, 263% higher than this company's loan of $46,800.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/leap-inn-inc-dba-hotel-vienna-windham-ny