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PPP Loan Data — Pacific Langham Chicago Corporation,
San Francisco, CA
Pacific Langham Chicago Corporation
Entity: Corporation
Industry: Hotels (except Casino Hotels) and Motels
Location: San Francisco, CA
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Pacific Langham Chicago Corporation is a corporation located at 201 California St in San Francisco, California that received a Coronavirus-related PPP loan from the SBA of $4,750,000.00 in July, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
412Loan Approved:
2020-07-22Lender:
CITIBANK, N.A.Pacific Langham Chicago Corporation in San Francisco, CA received a Paycheck Protection Loan of $4.75M through CITIBANK, N.A., which was approved in July, 2020.
Based on standard PPP eligibility rules, Pacific Langham Chicago Corporation's total 2019 payroll expenses were approximately $22.8M in order to qualify for the PPP loan amount received.
Based on their reported 412 jobs retained, this equals an estimated average yearly compensation of $55,340 per employee1.
Business Information - Pacific Langham Chicago Corporation in San Francisco, CA
201 California St
San Francisco, CA 94111
Business Industry
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-12Similar Companies near San Francisco
In the San Francisco area, 6 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 148 employees (compared to this company's 412) and received an average PPP loan of $1,667,750 (compared to this company's $4.75M).
Similar Nearby Businesses Who Received PPP Funding:
Jamna Investments LLC
San Francisco, CA
KHP III Sf Sutter LLC
San Francisco, CA
Angler's Boutique Resort LLC
San Francisco, CA
KHP II Baltimore Hotel LLC
San Francisco, CA
Pacific Langham New York Corporation
San Francisco, CA
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 Pacific Langham Chicago Corporation's reported 412 employees, and received an average PPP loan of $161,149, 97% lower than this company's loan of $4.75M.
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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