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PPP Loan Data — Pacific 4, LLC,
New York, NY
Pacific 4, LLC
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Location: New York, NY
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Pacific 4, LLC is a limited liability company (LLC) located at 431 Broome St in New York, New York that received a Coronavirus-related PPP loan from the SBA of $79,784.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-04-28Lender:
SIGNATURE BANKPacific 4, LLC received a Paycheck Protection Loan of $79,784 through SIGNATURE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Pacific 4, LLC's total 2019 payroll expenses were approximately $382,963 in order to qualify for the PPP loan amount received.
Unlike most businesses, Pacific 4, LLC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Pacific 4, LLC in New York, NY
431 Broome St
New York, NY 10013
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-10Similar Companies near New York
In the New York area, 34 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 0) and received an average PPP loan of $960,984 (compared to this company's $79,784).
Similar Nearby Businesses Who Received PPP Funding:
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143 Fulton Street Development Owner LLC
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153 Elizabeth Hotel LLC
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Hotel Mulberry Corp
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7 Cornelia Hospitality, LLC
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Cromwell Soho Operating LLC
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The Madison Fire Island Pines LLC
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Fortuna Realty Hotel Soho LLC
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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, and received an average PPP loan of $161,149, 102% higher than this company's loan of $79,784.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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