FederalPay.org
PPP Loan Data — Omni Berkshire Corporation,
New York, NY
Omni Berkshire Corporation
Entity: Corporation
Industry: Hotels (except Casino Hotels) and Motels
Location: New York, NY
Tweet This
•
Search All PPP Data
Omni Berkshire Corporation is a corporation located at 21 East 52nd Street in New York, New York that received a Coronavirus-related PPP loan from the SBA of $4,533,310.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
279Loan Approved:
2020-04-05Lender:
AFFILIATED BANK, NATIONAL ASSOCIATIONOmni Berkshire Corporation in New York, NY received a Paycheck Protection Loan of $4.53M through AFFILIATED BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Omni Berkshire Corporation's total 2019 payroll expenses were approximately $21.76M in order to qualify for the PPP loan amount received.
Based on their reported 279 jobs retained, this equals an estimated average yearly compensation of $77,992 per employee1.
Business Information - Omni Berkshire Corporation in New York, NY
21 East 52nd Street
New York, NY 10022
Business Industry
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-12Similar Companies near New York
In the New York area, 40 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 71 employees (compared to this company's 279) and received an average PPP loan of $1,280,325 (compared to this company's $4.53M).
Similar Nearby Businesses Who Received PPP Funding:
Concorde Hotel New York Inc.
New York, NY
Carvi Properties, Inc.
New York, NY
Capri Hotel, LLC
New York, NY
EOS Regional Resorts Holdco I LLC
New York, NY
2528 Broadway Realty LLC
New York, NY
Knight's Key Jv LLC
New York, NY
EOS Dch Holdings LLC
New York, NY
Hdda Roswell LLC
New York, NY
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, 92% lower than Omni Berkshire Corporation's reported 279 employees, and received an average PPP loan of $161,149, 96% lower than this company's loan of $4.53M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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.
Have FederalPay.org's open data tools been valuable? Consider donating!