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PPP Loan Data — Shelini Hospitality Ft Lauderdale LLC,
Fort Lauderdale, FL
Shelini Hospitality Ft Lauderdale LLC
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Location: Fort Lauderdale, FL
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Shelini Hospitality Ft Lauderdale LLC is a limited liability company (LLC) located at 1800 S Federal Hwy in Fort Lauderdale, Florida that received a Coronavirus-related PPP loan from the SBA of $310,202.00 in February, 2021.
The company has reported itself as a female owned business, and employed at least 28 people during the applicable loan loan period.
$
PPP Loan Information
Loan #1953698405
Loan Size:
Jobs Retained:
28Loan Approved:
2021-02-02Loan Status:
Paid in Full or ForgivenLender:
Ocean BankShelini Hospitality Ft Lauderdale LLC in Fort Lauderdale, FL received a Paycheck Protection Loan of $310,202 through Ocean Bank, which was approved in February, 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 November, 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 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, Shelini Hospitality Ft Lauderdale LLC's 2019 payroll expenses are estimated to be at least $1.49M.
Based on their reported 28 jobs retained, this equals an estimated average yearly compensation of $53,178 per employee1
Reported PPP Proceed Usage:
On the PPP application, Shelini Hospitality Ft Lauderdale LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $310,202
Business Information - Shelini Hospitality Ft Lauderdale LLC in Fort Lauderdale, FL
1800 S Federal Hwy
Fort Lauderdale, FL 33316
Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Fort Lauderdale
In the Fort Lauderdale area, 41 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 28) and received an average PPP loan of $227,585 (compared to this company's $310,202).
Similar Nearby Businesses Who Received PPP Funding:
Imani Mills
Fort Lauderdale, FL
JAI Laxmi Inc
Fort Lauderdale, FL
SBM Motel Corp
Fort Lauderdale, FL
Sea Beach Plaza Hotel Inc
Fort Lauderdale, FL
Florida Hospitality Services, LLC
Plantation, FL
Jyoti Investments Inc
Fort Lauderdale, FL
Coconut Court Motel, Inc
Fort Lauderdale, FL
Insite Tampa Dt LLC
Fort Lauderdale, FL
Oasis Hotel LLC
Fort Lauderdale, FL
Industry PPP Comparison Statistics
Nationwide, 81,995 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.92B 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 23 employees, 18% lower than Shelini Hospitality Ft Lauderdale LLC's reported 28 employees, and received an average PPP loan of $169,748, 45% lower than this company's loan of $310,202.
FRANCHISE
FLShelini Hospitality Ft Lauderdale LLC
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Franchise: Four Points by Sheraton
Location: Fort Lauderdale, FL
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Shelini Hospitality Ft Lauderdale LLC is a limited liability company (LLC) located at 1800 S Federal Hwy in Fort Lauderdale, Florida that received a Coronavirus-related PPP loan from the SBA of $221,570.00 in April, 2020. This business is a Four Points by Sheraton franchise.
The company has reported itself as a female owned business, and employed at least 55 people during the applicable loan loan period.
$
PPP Loan Information
Loan #6827707107
Loan Size:
Jobs Retained:
55Loan Approved:
2020-04-14Loan Status:
Paid in Full or ForgivenLender:
Ocean BankShelini Hospitality Ft Lauderdale LLC in Fort Lauderdale, FL received a Paycheck Protection Loan of $221,570 through Ocean Bank, 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 March, 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 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, Shelini Hospitality Ft Lauderdale LLC's 2019 payroll expenses are estimated to be at least $1.06M.
Based on their reported 55 jobs retained, this equals an estimated average yearly compensation of $19,337 per employee1
Reported PPP Proceed Usage:
On the PPP application, Shelini Hospitality Ft Lauderdale LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $221,570
Business Information - Shelini Hospitality Ft Lauderdale LLC in Fort Lauderdale, FL
1800 S Federal Hwy
Fort Lauderdale, FL 33316
Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Fort Lauderdale
In the Fort Lauderdale area, 41 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 55) and received an average PPP loan of $227,585 (compared to this company's $221,570).
Similar Nearby Businesses Who Received PPP Funding:
Imani Mills
Fort Lauderdale, FL
JAI Laxmi Inc
Fort Lauderdale, FL
SBM Motel Corp
Fort Lauderdale, FL
Sea Beach Plaza Hotel Inc
Fort Lauderdale, FL
Florida Hospitality Services, LLC
Plantation, FL
Jyoti Investments Inc
Fort Lauderdale, FL
Coconut Court Motel, Inc
Fort Lauderdale, FL
Insite Tampa Dt LLC
Fort Lauderdale, FL
Oasis Hotel LLC
Fort Lauderdale, FL
Industry PPP Comparison Statistics
Nationwide, 81,995 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.92B 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 23 employees, 58% lower than Shelini Hospitality Ft Lauderdale LLC's reported 55 employees, and received an average PPP loan of $169,748, 23% lower than this company's loan of $221,570.
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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