PPP Loan Data — Pinehurst, LLC, Pinehurst, NC
Pinehurst, LLC is a limited liability company (LLC) located at 80 Carolina Vista in Pinehurst, North Carolina that received a Coronavirus-related PPP loan from the SBA of $8,853,300.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST-CITIZENS BANK & TRUST COMPANY
Pinehurst, LLC in Pinehurst, NC received a Paycheck Protection Loan of $8.85M through FIRST-CITIZENS BANK & TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Pinehurst, LLC's total 2019 payroll expenses were approximately $42.5M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $84,992 per employee1.
Business Information - Pinehurst, LLC in Pinehurst, NC
80 Carolina Vista
Pinehurst, NC 28374
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-08
Similar Companies near Pinehurst
In the Pinehurst area, 4 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 159 employees (compared to this company's 500) and received an average PPP loan of $2,312,998 (compared to this company's $8.85M).
Similar Nearby Businesses Who Received PPP Funding:
Pine Crest Inn Limited Partnership
Shri Pinehurst, LLC
Ahip NC Pinehurst Enterprises 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, 96% lower than Pinehurst, LLC's reported 500 employees, and received an average PPP loan of $161,149, 98% lower than this company's loan of $8.85M.
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Footnotes & Information
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