PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — QSL Enterprise LTD, Bloomsburg, PA

ALERT: There are 2 PPP loans for a total of $982,766 in our database for businesses with the name "QSL Enterprise LTD" in Bloomsburg, PA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for QSL Enterprise LTD

FRANCHISE

PA

QSL Enterprise LTD

Entity: Corporation

Industry: All Other Traveler Accommodation

Franchise: Fairfield by Marriott/Fairfield Inn & Suites by Marriott/Fairfield Inn by Marriott

Location: Bloomsburg, PA

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QSL Enterprise LTD is a corporation located at 1388 State Route 487 in Bloomsburg, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $571,512.00 in January, 2021. This business is a Fairfield by Marriott/Fairfield Inn & Suites by Marriott/Fairfield Inn by Marriott franchise.

$ PPP Loan Information
Loan #6349818302

Loan Size:

$571,512

Jobs Retained:

68

Loan Approved:

2021-01-26

Loan Status:

Paid in Full or Forgiven

Lender:

Fulton Bank, National Association

QSL Enterprise LTD in Bloomsburg, PA received a Paycheck Protection Loan of $571,512 through Fulton Bank, National Association, which was approved in January, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in September, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, QSL Enterprise LTD's 2019 payroll expenses are estimated to be at least $2.74M.

Based on their reported 68 jobs retained, this equals an estimated average yearly compensation of $40,342 per employee1

Reported PPP Proceed Usage:

On the PPP application, QSL Enterprise LTD reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $571,506
  • Utilities: $1

Business Information - QSL Enterprise LTD in Bloomsburg, PA

QSL Enterprise LTD
1388 State Route 487
Bloomsburg, PA 17815

Business Industry:
All Other Traveler Accommodation
NAICS code 721199

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Columbia County, PA — SBA Office 0303 — Congressional District: PA-09

Similar Companies near Bloomsburg

In the Bloomsburg area, 7 businesses in the "All Other Traveler Accommodation" industry received a PPP loan. These local businesses reported an average of 57 employees (compared to this company's 68) and received an average PPP loan of $242,144 (compared to this company's $571,512).

Industry PPP Comparison Statistics

Nationwide, 30,648 businesses in the "All Other Traveler Accommodation" industry received a total of $1.29B 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 6 employees, 91% lower than QSL Enterprise LTD's reported 68 employees, and received an average PPP loan of $42,012, 93% lower than this company's loan of $571,512.

SBA PPP loan data, payroll data, and salaries for QSL Enterprise, LTD
PA

QSL Enterprise, LTD

Entity: Corporation

Industry: Full-Service Restaurants

Location: Bloomsburg, PA

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QSL Enterprise, LTD is a corporation located at 1388 State Route 487 in Bloomsburg, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $411,254.00 in April, 2020.

$ PPP Loan Information
Loan #7759147107

Loan Size:

$411,254

Jobs Retained:

28

Loan Approved:

2020-04-14

Loan Status:

Paid in Full or Forgiven

Lender:

Fulton Bank, National Association

QSL Enterprise, LTD in Bloomsburg, PA received a Paycheck Protection Loan of $411,254 through Fulton Bank, National Association, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, QSL Enterprise, LTD's 2019 payroll expenses are estimated to be at least $1.97M.

Based on their reported 28 jobs retained, this equals an estimated average yearly compensation of $70,501 per employee1

Reported PPP Proceed Usage:

On the PPP application, QSL Enterprise, LTD reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $308,440
  • Mortgage Interest: $102,814

Business Information - QSL Enterprise, LTD in Bloomsburg, PA

QSL Enterprise, LTD
1388 State Route 487
Bloomsburg, PA 17815

Business Industry:
Full-Service Restaurants
NAICS code 722511

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Columbia County, PA — SBA Office 0303 — Congressional District: PA-09

Similar Companies near Bloomsburg

In the Bloomsburg area, 53 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 66 employees (compared to this company's 28) and received an average PPP loan of $324,564 (compared to this company's $411,254).

Industry PPP Comparison Statistics

Nationwide, 326,480 businesses in the "Full-Service Restaurants" industry received a total of $42.51B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.

PPP recipients in this industry report an average of 22 employees, 21% lower than QSL Enterprise, LTD's reported 28 employees, and received an average PPP loan of $130,209, 68% lower than this company's loan of $411,254.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/qsl-enterprise-ltd-bloomsburg-pa