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PPP Loan Data — Rosen Plaza, Inc, Orlando, FL

SBA PPP loan data, payroll data, and salaries for Rosen Plaza, Inc
FL

Rosen Plaza, Inc

Entity: Corporation

Industry: Hotels (except Casino Hotels) and Motels

Location: Orlando, FL

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Rosen Plaza, Inc is a corporation located at 4000 Destination Parkway in Orlando, Florida that received a Coronavirus-related PPP loan from the SBA of $3,719,062.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$3.72M

Jobs Retained:

480

Loan Approved:

2020-05-06

Lender:

TRUIST BANK D/B/A BRANCH BANKING & TRUST CO

Rosen Plaza, Inc received a Paycheck Protection Loan of $3.72M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in May, 2020.

Based on standard PPP eligibility rules, Rosen Plaza, Inc's total 2019 payroll expenses were approximately $17.85M in order to qualify for the PPP loan amount received.

Based on their reported 480 jobs retained, this equals an estimated average yearly compensation of $37,191 per employee1.

Because the loan received by Rosen Plaza, Inc 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 - Rosen Plaza, Inc in Orlando, FL

Rosen Plaza, Inc
4000 Destination Parkway
Orlando, FL 32819

Business Industry

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

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-10

Similar Companies near Orlando

In the Orlando area, 37 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 73 employees (compared to this company's 480) and received an average PPP loan of $636,036 (compared to this company's $3.72M).

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 Rosen Plaza, Inc's reported 480 employees, and received an average PPP loan of $161,149, 96% lower than this company's loan of $3.72M.

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.

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/rosen-plaza-inc-orlando-fl