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PPP Loan Data — Shri Kuber Inc,
San Antonio, TX
FRANCHISE
TXShri Kuber Inc
Entity: Corporation
Industry: Hotels (except Casino Hotels) and Motels
Franchise: Candlewood Suites
Location: San Antonio, TX
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Shri Kuber Inc is a corporation located at 1847 Wood Grv in San Antonio, Texas that received a Coronavirus-related PPP loan from the SBA of $74,200.00 in January, 2021. This business is a Candlewood Suites franchise.
$
PPP Loan Information
Loan #1053848309
Loan Size:
Jobs Retained:
15Loan Approved:
2021-01-16Loan Status:
Ongoing LoanLender:
TexStar National BankShri Kuber Inc in San Antonio, TX received a Paycheck Protection Loan of $74,200 through TexStar National Bank, which was approved in January, 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, Shri Kuber Inc's 2019 payroll expenses are estimated to be at least $356,160.
Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $23,744 per employee1
Reported PPP Proceed Usage:
On the PPP application, Shri Kuber Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $74,198
- Utilities: $1
Business Information - Shri Kuber Inc in San Antonio, TX
1847 Wood Grv
San Antonio, TX 78232
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: N
Rural / Urban: Urban
Similar Companies near San Antonio
In the San Antonio area, 42 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 15) and received an average PPP loan of $128,684 (compared to this company's $74,200).
Similar Nearby Businesses Who Received PPP Funding:
Quality Suites
San Antonio, TX
WCP Regent Live Oak, LLC
San Antonio, TX
Keena Hospitality
San Antonio, TX
Sangita Patel
San Antonio, TX
Deekay Lodging Corp
San Antonio, TX
PHT 35, LLC
San Antonio, TX
Vitrag LTD
San Antonio, TX
OM Njvp Inc
San Antonio, TX
New Era Sa LLC
San Antonio, TX
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, 53% higher than Shri Kuber Inc's reported 15 employees, and received an average PPP loan of $169,748, 129% higher than this company's loan of $74,200.
FRANCHISE
TXShri Kuber Inc
Entity: Corporation
Industry: Hotels (except Casino Hotels) and Motels
Franchise: Holiday Inn Express (License Agreement)
Location: San Antonio, TX
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Shri Kuber Inc is a corporation located at 418 Portland Rd in San Antonio, Texas that received a Coronavirus-related PPP loan from the SBA of $57,300.00 in April, 2020. This business is a Holiday Inn Express (License Agreement) franchise.
The company has reported itself as an Asian male owned business, and employed at least seventeen people during the applicable loan loan period.
$
PPP Loan Information
Loan #4496957303
Loan Size:
Jobs Retained:
17Loan Approved:
2020-04-29Loan Status:
Paid in Full or ForgivenLender:
TexStar National BankShri Kuber Inc in San Antonio, TX received a Paycheck Protection Loan of $57,300 through TexStar National 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 February, 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, Shri Kuber Inc's 2019 payroll expenses are estimated to be at least $275,040.
Based on their reported 17 jobs retained, this equals an estimated average yearly compensation of $16,179 per employee1
Reported PPP Proceed Usage:
On the PPP application, Shri Kuber Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $51,570
- Utilities: $5,730
Business Information - Shri Kuber Inc in San Antonio, TX
418 Portland Rd
San Antonio, TX 78216
Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Race: Asian
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 San Antonio
In the San Antonio area, 44 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 17) and received an average PPP loan of $338,434 (compared to this company's $57,300).
Similar Nearby Businesses Who Received PPP Funding:
Serene Lodging Inc
San Antonio, TX
HCS 410 Holding LLC
San Antonio, TX
SA Airport Hotel LLC
San Antonio, TX
Caerus Hospitality Partners, LLC
San Antonio, TX
AUS Rainey Street LLC
San Antonio, TX
Lhsh LTD
San Antonio, TX
2635 NE Loop 410, LLC
San Antonio, TX
Lmdn Sa LP
San Antonio, TX
Jose Garcia
San Antonio, TX
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, 35% higher than Shri Kuber Inc's reported 17 employees, and received an average PPP loan of $169,748, 196% higher than this company's loan of $57,300.
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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