PPP Loan Data — Omni Rhode Island, LLC, Providence, RI
Omni Rhode Island, LLC is a limited liability company (LLC) located at 1 W Exchange St in Providence, Rhode Island that received a Coronavirus-related PPP loan from the SBA of $2,640,300.00 in April, 2020.
$ PPP Loan Information
Omni Rhode Island, LLC in Providence, RI received a Paycheck Protection Loan of $2.64M through ORIGIN BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Omni Rhode Island, LLC's total 2019 payroll expenses were approximately $12.67M in order to qualify for the PPP loan amount received.
Based on their reported 246 jobs retained, this equals an estimated average yearly compensation of $51,518 per employee1.
Business Information - Omni Rhode Island, LLC in Providence, RI
1 W Exchange St
Providence, RI 02903
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: RI-02
Similar Companies near Providence
In the Providence area, 9 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 69 employees (compared to this company's 246) and received an average PPP loan of $722,601 (compared to this company's $2.64M).
Similar Nearby Businesses Who Received PPP Funding:
Villa Dolce Vita Inc
Sandcastle Inn, Inc.
Biltmore Providence Lessee LLC
ML North Point Holding LLC
LCP Providence Hotel Investment Group, LLC
Stepstone Hospitality Inc
ML Wildwood Holding LLC
Cjuf III Mjh Providence, 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, 91% lower than Omni Rhode Island, LLC's reported 246 employees, and received an average PPP loan of $161,149, 94% lower than this company's loan of $2.64M.
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Footnotes & Information
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