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PPP Loan Data — Sun Hill Properties Inc,
Universal City, CA
FRANCHISE
CASun Hill Properties Inc
Entity: Corporation
Industry: Hotels (except Casino Hotels) and Motels
Franchise: Hilton Hotels & Resorts
Location: Universal City, CA
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Sun Hill Properties Inc is a corporation located at 555 Universal Hollywood Dr in Universal City, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021. This business is a Hilton Hotels & Resorts franchise.
The company has reported itself as an Asian female owned business, and employed at least 246 people during the applicable loan loan period.
$
PPP Loan Information
Loan #4636478409
Loan Size:
Jobs Retained:
246Loan Approved:
2021-02-06Loan Status:
Paid in Full or ForgivenLender:
East West BankSun Hill Properties Inc in Universal City, CA received a Paycheck Protection Loan of $2M through East West 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 January, 2022.
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, Sun Hill Properties Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 246 jobs retained, this equals an estimated average yearly compensation of $39,024 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sun Hill Properties Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,996
- Utilities: $1
Business Information - Sun Hill Properties Inc in Universal City, CA
555 Universal Hollywood Dr
Universal City, CA 91608
Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Race: Asian
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: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 3 other businesses that received a PPP loan registered to the same address as Sun Hill Properties Inc.
Centennial Springs Hospitality LLC
Hotels (except Casino Hotels) and Motels
Centennial Littleton Hospitality LLC
Hotels (except Casino Hotels) and Motels
Valley Properties LLC
Hotels (except Casino Hotels) and Motels
Similar Companies near Universal City
In the Universal City area, 12 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 97 employees (compared to this company's 246) and received an average PPP loan of $948,532 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Centennial Littleton Hospitality LLC
Universal City, CA
Valley Properties, LLC
Universal City, CA
Mikado 1311 LLC
Valley Village, CA
Mikado 1311, LLC
Noth Hollywood, CA
Centennial Springs Hospitality LLC
Universal City, CA
TAG Tours/Tag Events
Valley Village, CA
Shen Zhen New World II , LLC
Universal City, CA
Industry PPP Comparison Statistics
Nationwide, 81,979 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, 91% lower than Sun Hill Properties Inc's reported 246 employees, and received an average PPP loan of $169,801, 92% lower than this company's loan of $2M.
FRANCHISE
CASun Hill Properties, Inc
Entity: Corporation
Industry: Hotels (except Casino Hotels) and Motels
Franchise: Hilton Hotels & Resorts
Location: Universal City, CA
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•
Search All PPP Data
Sun Hill Properties, Inc is a corporation located at 555 Universal Hollywood Dr in Universal City, California that received a Coronavirus-related PPP loan from the SBA of $4,594,500.00 in April, 2020. This business is a Hilton Hotels & Resorts franchise.
The company has reported itself as an Asian female owned business, and employed at least 410 people during the applicable loan loan period.
$
PPP Loan Information
Loan #2501287103
Loan Size:
Jobs Retained:
410Loan Approved:
2020-04-10Loan Status:
Paid in Full or ForgivenLender:
East West BankSun Hill Properties, Inc in Universal City, CA received a Paycheck Protection Loan of $4.59M through East West 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 July, 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, Sun Hill Properties, Inc's 2019 payroll expenses are estimated to be at least $22.05M.
Based on their reported 410 jobs retained, this equals an estimated average yearly compensation of $53,789 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sun Hill Properties, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,594,500
Business Information - Sun Hill Properties, Inc in Universal City, CA
555 Universal Hollywood Dr
Universal City, CA 91608
Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Race: Asian
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: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 3 other businesses that received a PPP loan registered to the same address as Sun Hill Properties, Inc.
Centennial Springs Hospitality LLC
Hotels (except Casino Hotels) and Motels
Centennial Littleton Hospitality LLC
Hotels (except Casino Hotels) and Motels
Valley Properties LLC
Hotels (except Casino Hotels) and Motels
Similar Companies near Universal City
In the Universal City area, 12 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 97 employees (compared to this company's 410) and received an average PPP loan of $948,532 (compared to this company's $4.59M).
Similar Nearby Businesses Who Received PPP Funding:
Centennial Littleton Hospitality LLC
Universal City, CA
Valley Properties, LLC
Universal City, CA
Mikado 1311 LLC
Valley Village, CA
Mikado 1311, LLC
Noth Hollywood, CA
Centennial Springs Hospitality LLC
Universal City, CA
TAG Tours/Tag Events
Valley Village, CA
Shen Zhen New World II , LLC
Universal City, CA
Industry PPP Comparison Statistics
Nationwide, 81,979 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, 94% lower than Sun Hill Properties, Inc's reported 410 employees, and received an average PPP loan of $169,801, 96% lower than this company's loan of $4.59M.
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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