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PPP Loan Data — Omni La Mansion Corporation,
San Antonio, TX
Omni La Mansion Corporation
Entity: Corporation
Industry: Hotels (except Casino Hotels) and Motels
Location: San Antonio, TX
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Omni La Mansion Corporation is a corporation located at 112 College St in San Antonio, Texas that received a Coronavirus-related PPP loan from the SBA of $3,198,500.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
410Loan Approved:
2020-04-07Lender:
ORIGIN BANKOmni La Mansion Corporation received a Paycheck Protection Loan of $3.2M through ORIGIN BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Omni La Mansion Corporation's total 2019 payroll expenses were approximately $15.35M in order to qualify for the PPP loan amount received.
Based on their reported 410 jobs retained, this equals an estimated average yearly compensation of $37,446 per employee1.
Business Information - Omni La Mansion Corporation in San Antonio, TX
112 College St
San Antonio, TX 78205
Business Industry
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-35Similar Companies near San Antonio
In the San Antonio area, 28 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 410) and received an average PPP loan of $386,227 (compared to this company's $3.2M).
Similar Nearby Businesses Who Received PPP Funding:
Weinritter St Paul Square, LLC
San Antonio, TX
3P Hospitality LLC
San Antonio, TX
Ramila & Dhani, LLC
San Antonio, TX
Hotel Havana LLC
San Antonio, TX
ACE Flores LLC
San Antonio, TX
205 East Houston Street, LLC
San Antonio, TX
Emily Morgan LLC
San Antonio, TX
Gibbs Master Tenant, LLC
San Antonio, TX
Alamo Hospitality, LP
San Antonio, TX
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, 95% lower than Omni La Mansion Corporation's reported 410 employees, and received an average PPP loan of $161,149, 95% lower than this company's loan of $3.2M.
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.
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.
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