PPP Loan Data — North American Hospitality LP, Irving, TX
North American Hospitality LP is a limited liability partnership located at 1005 Thorncliff Trail in Irving, Texas that received a Coronavirus-related PPP loan from the SBA of $24,942.00 in August, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
North American Hospitality LP in Irving, TX received a Paycheck Protection Loan of $24,942 through JPMorgan Chase Bank, National Association, which was approved in August, 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 April, 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, North American Hospitality LP's 2019 payroll expenses are estimated to be at least $119,722.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,907 per employee1
Reported PPP Proceed Usage:
On the PPP application, North American Hospitality LP reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,942
Business Information - North American Hospitality LP in Irving, TX
1005 Thorncliff Trail
Irving, TX 75063
Lessors of Other Real Estate Property
NAICS code 531190
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Irving
In the Irving area, 8 businesses in the "Lessors of Other Real Estate Property" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $54,705 (compared to this company's $24,942).
Similar Nearby Businesses Who Received PPP Funding:
925 Main, LP
MEP TX Services LLC
Paramount Jr, LLC
Lockstone Holdings, LLC
Paramount Jp LLC
Industry PPP Comparison Statistics
Nationwide, 16,619 businesses in the "Lessors of Other Real Estate Property" industry received a total of $806.44M 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 5 employees, 67% higher than North American Hospitality LP's reported 3 employees, and received an average PPP loan of $48,525, 95% higher than this company's loan of $24,942.
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Footnotes & Information
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