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PPP Loan Data — Solage Owners LLC,
Calistoga, CA
Solage Owners LLC
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Location: Calistoga, CA
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Solage Owners LLC is a limited liability company (LLC) located at 755 Silverado Trl in Calistoga, California that received a Coronavirus-related PPP loan from the SBA of $2,800,300.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
202Loan Approved:
2020-04-10Lender:
FIRST REPUBLIC BANKSolage Owners LLC in Calistoga, CA received a Paycheck Protection Loan of $2.8M through FIRST REPUBLIC BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Solage Owners LLC's total 2019 payroll expenses were approximately $13.44M in order to qualify for the PPP loan amount received.
Based on their reported 202 jobs retained, this equals an estimated average yearly compensation of $66,542 per employee1.
Business Information - Solage Owners LLC in Calistoga, CA
755 Silverado Trl
Calistoga, CA 94515
Business Industry
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: NON-VETERAN
Congressional District: CA-05Similar Companies near Calistoga
In the Calistoga area, 12 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 55 employees (compared to this company's 202) and received an average PPP loan of $543,226 (compared to this company's $2.8M).
Similar Nearby Businesses Who Received PPP Funding:
Roman Spa Hot Springs Resort
Calistoga, CA
Calistoga Spa, Inc.
Calistoga, CA
Carlin Country Cottages
Calistoga, CA
The Frances House
Calistoga, CA
DSP Blackhawk LLC
Calistoga, CA
Resort At Indian Springs LLC
Calistoga, CA
Calistoga Hotel Group, LP
Calistoga, CA
Sam's Cottage LLC
Calistoga, CA
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, 90% lower than Solage Owners LLC's reported 202 employees, and received an average PPP loan of $161,149, 94% lower than this company's loan of $2.8M.
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, and is published unmodified, as provided by the SBA.
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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