PPP Loan Data — Noble House Pelican Grand LLC, Kirkland, WA
Noble House Pelican Grand LLC is a limited liability company (LLC) located at 600 6th St S in Kirkland, Washington that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of Jackson Hole
Noble House Pelican Grand LLC in Kirkland, WA received a Paycheck Protection Loan of $2M through Bank of Jackson Hole, which was approved in January, 2021.
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, Noble House Pelican Grand LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 130 jobs retained, this equals an estimated average yearly compensation of $73,846 per employee1
Reported PPP Proceed Usage:
On the PPP application, Noble House Pelican Grand LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - Noble House Pelican Grand LLC in Kirkland, WA
600 6th St S
Kirkland, WA 98033
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Kirkland
In the Kirkland area, 45 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 53 employees (compared to this company's 130) and received an average PPP loan of $651,533 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Pacific Hotel Investment Inc
Noble House Hotels & Resorts LTD
Jeff & Young Hospitality Inc
Vishnu Enterprises Inc
RTI Management 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, 82% lower than Noble House Pelican Grand LLC's reported 130 employees, and received an average PPP loan of $168,829, 92% lower than this company's loan of $2M.
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Footnotes & Information
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