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PPP Loan Data — Stanford Hotels Corporation,
San Francisco, CA
Stanford Hotels Corporation
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Location: San Francisco, CA
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Stanford Hotels Corporation is a limited liability company (LLC) located at 433 California Street 7th Floor in San Francisco, California that received a Coronavirus-related PPP loan from the SBA of $1,166,750.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-05-01Lender:
WELLS FARGO BANK, NATIONAL ASSOCIATIONStanford Hotels Corporation received a Paycheck Protection Loan of $1.17M through WELLS FARGO BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Stanford Hotels Corporation's total 2019 payroll expenses were approximately $5.6M in order to qualify for the PPP loan amount received.
Unlike most businesses, Stanford Hotels Corporation's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Stanford Hotels Corporation in San Francisco, CA
433 California Street 7th Floor
San Francisco, CA 94104
Business Industry
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-12Similar Companies near San Francisco
In the San Francisco area, 40 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 0) and received an average PPP loan of $372,140 (compared to this company's $1.17M).
Similar Nearby Businesses Who Received PPP Funding:
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Sightline Hospitality LLC
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Pelican Inn Associates, A California Limited Partnership
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Lyric Hospitality Inc.
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250 Fourth Development, LP
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Morning Sun Capital LLC
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Hotel Sunrise Inc
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Suryadas Investments LLC
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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, and received an average PPP loan of $161,149, 86% lower than this company's loan of $1.17M.
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. 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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