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PPP Loan Data — Resorttrust Hawaii, LLC, Honolulu, HI

SBA PPP loan data, payroll data, and salaries for Resorttrust Hawaii, LLC
HI

Resorttrust Hawaii, LLC

Entity: Corporation

Industry: Hotels (except Casino Hotels) and Motels

Location: Honolulu, HI

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Resorttrust Hawaii, LLC is a corporation located at 5000 Kahala Ave in Honolulu, Hawaii that received a Coronavirus-related PPP loan from the SBA of $8,353,585.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$8.35M

Jobs Retained:

445

Loan Approved:

2020-04-27

Lender:

FIRST HAWAIIAN BANK

Resorttrust Hawaii, LLC received a Paycheck Protection Loan of $8.35M through FIRST HAWAIIAN BANK, which was approved in April, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Resorttrust Hawaii, LLC's total 2019 payroll expenses were approximately $40.1M in order to qualify for the PPP loan amount received.

Based on their reported 445 jobs retained, this equals an estimated average yearly compensation of $90,106 per employee1.

Because the loan received by Resorttrust Hawaii, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Resorttrust Hawaii, LLC in Honolulu, HI

Resorttrust Hawaii, LLC
5000 Kahala Ave
Honolulu, HI 96816

Business Industry

Hotels (except Casino Hotels) and Motels (NAICS code 721110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: HI-01

Similar Companies near Honolulu

In the Honolulu area, 40 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 87 employees (compared to this company's 445) and received an average PPP loan of $1,783,020 (compared to this company's $8.35M).

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 Resorttrust Hawaii, LLC's reported 445 employees, and received an average PPP loan of $161,149, 98% lower than this company's loan of $8.35M.

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. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/resorttrust-hawaii-llc-honolulu-hi