PPP Loan Data — Tantallon Austin Hotel, LLC, Orlando, FL
Tantallon Austin Hotel, LLC is a limited liability company (LLC) located at 1500 Sand Lake Rd in Orlando, Florida that received a Coronavirus-related PPP loan from the SBA of $2,798,038.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Tantallon Austin Hotel, LLC received a Paycheck Protection Loan of $2.8M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Tantallon Austin Hotel, LLC's total 2019 payroll expenses were approximately $13.43M in order to qualify for the PPP loan amount received.
Based on their reported 256 jobs retained, this equals an estimated average yearly compensation of $52,463 per employee1.
Business Information - Tantallon Austin Hotel, LLC in Orlando, FL
1500 Sand Lake Rd
Orlando, FL 32809
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-10
Similar Companies near Orlando
In the Orlando area, 18 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 256) and received an average PPP loan of $307,276 (compared to this company's $2.8M).
Similar Nearby Businesses Who Received PPP Funding:
JAI Ganesh Hospitality, LLC
Budget Inn Of Orlando
Better Business Lodging LLC
Parkview Hotel Management, LLC
Orlando Hotel LLC
Tantallon Orlando, LLC
Capital Lodging LLC
Siddhi-Vinayak Of TN, Inc
American Wealth United Real Estate Inc.
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, 92% lower than Tantallon Austin Hotel, LLC's reported 256 employees, and received an average PPP loan of $161,149, 94% lower than this company's loan of $2.8M.
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Footnotes & Information
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