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PPP Loan Data — Schneider Hotels LLC,
Louisville, KY
Schneider Hotels LLC
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Location: Louisville, KY
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Schneider Hotels LLC is a limited liability company (LLC) located at 401 W Main St Ste 400 in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $1,259,442.00 in February, 2021.
The company has reported itself as a White male owned business, and employed at least 168 people during the applicable loan loan period.
$ PPP Loan Information Loan #5807698405
Loan Size:
Jobs Retained:
168Loan Approved:
2021-02-09Loan Status:
Ongoing LoanLender:
Old National BankSchneider Hotels LLC in Louisville, KY received a Paycheck Protection Loan of $1.26M through Old National Bank, which was approved in February, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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 MoreUnderstanding 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 MoreBased 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, Schneider Hotels LLC's 2019 payroll expenses are estimated to be at least $6.05M.
Based on their reported 168 jobs retained, this equals an estimated average yearly compensation of $35,984 per employee1
Reported PPP Proceed Usage:
On the PPP application, Schneider Hotels LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,259,440
- Utilities: $1
Business Information - Schneider Hotels LLC in Louisville, KY
401 W Main St Ste 400
Louisville, KY 40202
Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Louisville
In the Louisville area, 22 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 96 employees (compared to this company's 168) and received an average PPP loan of $771,772 (compared to this company's $1.26M).
Similar Nearby Businesses Who Received PPP Funding:
Sohum Hotels LLC
Louisville, KY
Sohum Hotels LLC
Louisville, KY
Le Centre On Fourth LLC
Louisville, KY
Lexington Fp LLC
Louisville, KY
First Lh2 LLC
Louisville, KY
The Mission Specialist LLC
Louisville, KY
700 Main Hotel LLC
Louisville, KY
21C Museum Hotels LLC
Louisville, KY
Industry PPP Comparison Statistics
Nationwide, 76,920 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13,340,025,513.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 24 employees, 86% lower than Schneider Hotels LLC's reported 168 employees, and received an average PPP loan of $173,427, 86% lower than this company's loan of $1.26M.
Schneider Hotels, LLC
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Location: Louisville, KY
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Schneider Hotels, LLC is a limited liability company (LLC) located at 140 N 4th St in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $3,344,500.00 in April, 2020.
$ PPP Loan Information Loan #5844427005
Loan Size:
Jobs Retained:
489Loan Approved:
2020-04-06Loan Status:
Ongoing LoanLender:
Central Bank & Trust Co.Schneider Hotels, LLC in Louisville, KY received a Paycheck Protection Loan of $3.34M through Central Bank & Trust Co., which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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 MoreUnderstanding 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 MoreBased 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, Schneider Hotels, LLC's 2019 payroll expenses are estimated to be at least $16.05M.
Based on their reported 489 jobs retained, this equals an estimated average yearly compensation of $32,829 per employee1
Reported PPP Proceed Usage:
On the PPP application, Schneider Hotels, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,344,500
Business Information - Schneider Hotels, LLC in Louisville, KY
140 N 4th St
Louisville, KY 40202
Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110
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: Y
Rural / Urban: Urban
Similar Companies near Louisville
In the Louisville area, 22 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 96 employees (compared to this company's 489) and received an average PPP loan of $771,772 (compared to this company's $3.34M).
Similar Nearby Businesses Who Received PPP Funding:
Sohum Hotels LLC
Louisville, KY
Sohum Hotels LLC
Louisville, KY
Le Centre On Fourth LLC
Louisville, KY
Lexington Fp LLC
Louisville, KY
First Lh2 LLC
Louisville, KY
Schneider Hotels LLC
Louisville, KY
The Mission Specialist LLC
Louisville, KY
700 Main Hotel LLC
Louisville, KY
21C Museum Hotels LLC
Louisville, KY
Industry PPP Comparison Statistics
Nationwide, 76,920 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13,340,025,513.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 24 employees, 95% lower than Schneider Hotels, LLC's reported 489 employees, and received an average PPP loan of $173,427, 95% lower than this company's loan of $3.34M.
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.
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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