PPP Loan Data — Optima 777, LLC, Denver, CO
Optima 777, LLC is a limited liability company (LLC) located at 1575 Welton St Ste 300 in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,108,600.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Optima 777, LLC in Denver, CO received a Paycheck Protection Loan of $2.11M through FirstBank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Optima 777, LLC's 2019 payroll expenses are estimated to be at least $10.12M.
Based on their reported 240 jobs retained, this equals an estimated average yearly compensation of $42,172 per employee1
Reported PPP Proceed Usage:
On the PPP application, Optima 777, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,108,600
Business Information - Optima 777, LLC in Denver, CO
1575 Welton St Ste 300
Denver, CO 80202
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Denver
In the Denver area, 63 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 73 employees (compared to this company's 240) and received an average PPP loan of $808,282 (compared to this company's $2.11M).
Similar Nearby Businesses Who Received PPP Funding:
Hotel Carbon Hq LLC
Stevens Holtze Corporation
Carbondale Hotel Investors, LLC
Lincoln Park Hotel LLC
Cross Country Equity, LLC
Opus Hotel LLC
11Th Avenue Corporation Inc
CP Block A Member, LLC
4950 Baseline RD., LLC
Industry PPP Comparison Statistics
Nationwide, 82,605 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.95B 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 23 employees, 90% lower than Optima 777, LLC's reported 240 employees, and received an average PPP loan of $168,829, 92% lower than this company's loan of $2.11M.
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Footnotes & Information
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