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PPP Loan Data — Omni Pittsburgh Corporation,
Pittsburgh, PA
Omni Pittsburgh Corporation
Entity: Corporation
Industry: Hotels (except Casino Hotels) and Motels
Location: Pittsburgh, PA
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Omni Pittsburgh Corporation is a corporation located at 530 William Pen Place in Pittsburgh, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,561,470.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
365Loan Approved:
2020-04-05Lender:
AFFILIATED BANK, NATIONAL ASSOCIATIONOmni Pittsburgh Corporation in Pittsburgh, PA received a Paycheck Protection Loan of $3.56M through AFFILIATED BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Omni Pittsburgh Corporation's total 2019 payroll expenses were approximately $17.1M in order to qualify for the PPP loan amount received.
Based on their reported 365 jobs retained, this equals an estimated average yearly compensation of $46,836 per employee1.
Business Information - Omni Pittsburgh Corporation in Pittsburgh, PA
530 William Pen Place
Pittsburgh, PA 15219
Business Industry
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: PA-18Similar Companies near Pittsburgh
In the Pittsburgh area, 6 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 92 employees (compared to this company's 365) and received an average PPP loan of $1,086,330 (compared to this company's $3.56M).
Similar Nearby Businesses Who Received PPP Funding:
Elmpros Hotel, LLC
Pittsburgh, PA
424 Third Ave Pittsburgh LLC
Pittsburgh, PA
MJ Pittsburgh Dt, LLC
Pittsburgh, PA
Bvwm Fort Pitt Trs, LLC
Pittsburgh, PA
600 William Penn Place Associates Master Tenant, LP
Pittsburgh, PA
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, 94% lower than Omni Pittsburgh Corporation's reported 365 employees, and received an average PPP loan of $161,149, 95% lower than this company's loan of $3.56M.
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.
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