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PPP Loan Data — The Biltmore Hotel Limited Partnership,
Miami, FL
The Biltmore Hotel Limited Partnership
Entity: Partnership
Industry: Hotels (except Casino Hotels) and Motels
Location: Miami, FL
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The Biltmore Hotel Limited Partnership is a partnership located at 1200 Anastasia Ave in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $4,434,800.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.
$
PPP Loan Information
Loan #4899737105
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-13Loan Status:
Paid in Full or ForgivenLender:
BankUnited, National AssociationThe Biltmore Hotel Limited Partnership in Miami, FL received a Paycheck Protection Loan of $4.43M through BankUnited, National Association, 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, The Biltmore Hotel Limited Partnership's 2019 payroll expenses are estimated to be at least $21.29M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $42,574 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Biltmore Hotel Limited Partnership reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,434,800
Business Information - The Biltmore Hotel Limited Partnership in Miami, FL
1200 Anastasia Ave
Miami, FL 33134
Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 4 other businesses that received a PPP loan registered to the same address as The Biltmore Hotel Limited Partnership.
A&G Accounting And Financial Services LLC
Offices of Certified Public Accountants
Transcierge International Inc
Limousine Service
Biltmore Hotel Golf Management LLC
Golf Courses and Country Clubs
The Biltmore Hotel Limited Partnership
Hotels (except Casino Hotels) and Motels
Similar Companies near Miami
In the Miami area, 100 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 73 employees (compared to this company's 500) and received an average PPP loan of $516,845 (compared to this company's $4.43M).
Similar Nearby Businesses Who Received PPP Funding:
116 San Marco St Augustine Owner LLC
Coral Gables, FL
DAD 1300 N Atlantic Cocoa LP
Coral Gables, FL
Resorts Of Dade, Inc
Miami, FL
Haggerty Novi Owner, LLC
Coral Gables, FL
The Biltmore Hotel Limited Partnership
Coral Gables, FL
Marketing & Business Consulting For The Americas Inc
Coral Gables, FL
Gfii Dvi Cardel Wood Dale LLC
Coral Gables, FL
Jorge Cifuentes
Miami, FL
Warrior Air Inc
Miami, FL
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, 95% lower than The Biltmore Hotel Limited Partnership's reported 500 employees, and received an average PPP loan of $169,801, 96% lower than this company's loan of $4.43M.
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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