PPP Loan Data — Provenance Hotel Partners Fund I LLC, Portland, OR
Provenance Hotel Partners Fund I LLC is a limited liability company (LLC) located at 808 Sw Alder St Ste 300 in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $5,512,700.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:WASHINGTON TRUST BANK
Provenance Hotel Partners Fund I LLC in Portland, OR received a Paycheck Protection Loan of $5.51M through WASHINGTON TRUST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Provenance Hotel Partners Fund I LLC's total 2019 payroll expenses were approximately $26.46M in order to qualify for the PPP loan amount received.
Unlike most businesses, Provenance Hotel Partners Fund I 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 - Provenance Hotel Partners Fund I LLC in Portland, OR
808 Sw Alder St Ste 300
Portland, OR 97205
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OR-03
Similar Companies near Portland
In the Portland area, 13 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 0) and received an average PPP loan of $784,862 (compared to this company's $5.51M).
Similar Nearby Businesses Who Received PPP Funding:
P & H Corp.
Deluxe Param LLC
Benson Hotel LP
ACE Hotel Portland, LLC
Command Management Services, Inc.
Katchis LLC DBA The Georgia Hotel
Tiny Digs LLC
BPR Properties Portland, 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, and received an average PPP loan of $161,149, 97% lower than this company's loan of $5.51M.
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Footnotes & Information
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