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PPP Loan Data — OM Gans Hospitality LLC,
San Antonio, TX
FRANCHISE
TXOM Gans Hospitality LLC
Entity: Corporation
Industry: Hotels (except Casino Hotels) and Motels
Franchise: Holiday Inn Express
Location: San Antonio, TX
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OM Gans Hospitality LLC is a corporation located at 102 El Paso Street in San Antonio, Texas that received a Coronavirus-related PPP loan from the SBA of $70,522.00 in April, 2020. This business is a Holiday Inn Express franchise.
The company has reported itself as an Asian male owned business, and employed at least five people during the applicable loan loan period.
$
PPP Loan Information
Loan #5243787209
Loan Size:
Jobs Retained:
5Loan Approved:
2020-04-27Loan Status:
Paid in Full or ForgivenLender:
Commonwealth Business BankOM Gans Hospitality LLC in San Antonio, TX received a Paycheck Protection Loan of $70,522 through Commonwealth Business Bank, 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 March, 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 MoreUnderstanding 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 MoreBased 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, OM Gans Hospitality LLC's 2019 payroll expenses are estimated to be at least $338,506.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $67,701 per employee1
Reported PPP Proceed Usage:
On the PPP application, OM Gans Hospitality LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $70,522
Business Information - OM Gans Hospitality LLC in San Antonio, TX
102 El Paso Street
San Antonio, TX 78204
Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Race: Asian
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near San Antonio
In the San Antonio area, 49 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 47 employees (compared to this company's 5) and received an average PPP loan of $327,378 (compared to this company's $70,522).
Similar Nearby Businesses Who Received PPP Funding:
Vasanti, LLC
San Antonio, TX
3P Hospitality LLC
San Antonio, TX
KMK Hotel LLC
San Antonio, TX
Hotel Havana LLC
San Antonio, TX
Ramila & Dhani, LLC
San Antonio, TX
Budget Self Storage-San Antonio, LTD
San Antonio, TX
Riverwalk Cy, LLC
San Antonio, TX
3P Hospitality LLC
San Antonio, TX
Serene Hotels, Inc
San Antonio, TX
Industry PPP Comparison Statistics
Nationwide, 76,144 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.3B 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 24 employees, 380% higher than OM Gans Hospitality LLC's reported 5 employees, and received an average PPP loan of $174,695, 148% higher than this company's loan of $70,522.
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.
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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