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PPP Loan Data — The Mark Hotel Member 2 LLC,
New York, NY
The Mark Hotel Member 2 LLC
Entity: Limited Liability Company (LLC)
Industry: All Other Business Support Services
Location: New York, NY
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The Mark Hotel Member 2 LLC is a limited liability company (LLC) located at 150 East 58th Street 33rd Fl in New York, New York that received a Coronavirus-related PPP loan from the SBA of $4,346,200.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
333Loan Approved:
2020-04-27Lender:
CITIBANK, N.A.The Mark Hotel Member 2 LLC received a Paycheck Protection Loan of $4.35M through CITIBANK, N.A., which was approved in April, 2020.
Based on standard PPP eligibility rules, The Mark Hotel Member 2 LLC's total 2019 payroll expenses were approximately $20.86M in order to qualify for the PPP loan amount received.
Based on their reported 333 jobs retained, this equals an estimated average yearly compensation of $62,648 per employee1.
Business Information - The Mark Hotel Member 2 LLC in New York, NY
150 East 58th Street 33rd Fl
New York, NY 10155
Business Industry
All Other Business Support Services (NAICS code 561499)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-12Similar Companies near New York
In the New York area, 3 businesses in the "All Other Business Support Services" industry received a PPP loan. These local businesses reported an average of 116 employees (compared to this company's 333) and received an average PPP loan of $1,575,524 (compared to this company's $4.35M).
Similar Nearby Businesses Who Received PPP Funding:
Edbridge Partners LLC
New York, NY
Milton N Hoffman Co
New York, NY
Industry PPP Comparison Statistics
Nationwide, 28,906 businesses in the "All Other Business Support Services" industry received a total of $1,963,852,672.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 98% lower than The Mark Hotel Member 2 LLC's reported 333 employees, and received an average PPP loan of $67,939, 98% lower than this company's loan of $4.35M.
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.
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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