PPP Loan Data — Ocean View Hotel Corporation, Honolulu, HI
Ocean View Hotel Corporation is a corporation located at 2500 Kuhio Ave in Honolulu, Hawaii that received a Coronavirus-related PPP loan from the SBA of $3,517,200.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST HAWAIIAN BANK
Ocean View Hotel Corporation in Honolulu, HI received a Paycheck Protection Loan of $3.52M through FIRST HAWAIIAN BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Ocean View Hotel Corporation's total 2019 payroll expenses were approximately $16.88M in order to qualify for the PPP loan amount received.
Based on their reported 318 jobs retained, this equals an estimated average yearly compensation of $53,090 per employee1.
Business Information - Ocean View Hotel Corporation in Honolulu, HI
2500 Kuhio Ave
Honolulu, HI 96815
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: HI-01
Similar Companies near Honolulu
In the Honolulu area, 40 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 88 employees (compared to this company's 318) and received an average PPP loan of $1,795,565 (compared to this company's $3.52M).
Similar Nearby Businesses Who Received PPP Funding:
Lucky Holdings Inc
Pacific Monarch Manager, LLC
KYO-Ya Hotels & Resorts, LP
Fong Investment Co, LTD
Hawaii Vacation Condos LLC
Kona Seaside, Inc.
Resorttrust Hawaii, 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, 93% lower than Ocean View Hotel Corporation's reported 318 employees, and received an average PPP loan of $161,149, 95% lower than this company's loan of $3.52M.
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Footnotes & Information
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