PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Tishman Hotel LP, New York, NY

ALERT: There are 2 PPP loans for a total of $5.74M in our database for businesses with the name "Tishman Hotel LP" in New York, NY. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Tishman Hotel LP
NY

Tishman Hotel LP

Entity: Limited Liability Partnership

Industry: Administrative Management and General Management Consulting Services

Location: New York, NY

Search All PPP Data

Tishman Hotel LP is a limited liability partnership located at 100 Park Ave Fl 18 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.

$ PPP Loan Information
Loan #5956328403

Loan Size:

$2M

Jobs Retained:

105

Loan Approved:

2021-02-09

Loan Status:

Paid in Full or Forgiven

Lender:

Wintrust Bank, National Association

Tishman Hotel LP in New York, NY received a Paycheck Protection Loan of $2M through Wintrust Bank, National Association, 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 November, 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 More
Understanding 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 More

Based 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, Tishman Hotel LP's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 105 jobs retained, this equals an estimated average yearly compensation of $91,429 per employee1

Reported PPP Proceed Usage:

On the PPP application, Tishman Hotel LP reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,000,000
Because the loan received by Tishman Hotel LP is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Tishman Hotel LP in New York, NY

Tishman Hotel LP
100 Park Ave Fl 18
New York, NY 10017

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

New York County, NY — SBA Office 0202 — Congressional District: NY-12

Similar Companies near New York

In the New York area, 282 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 105) and received an average PPP loan of $201,787 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 92,568 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $5.46B 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 5 employees, 95% lower than Tishman Hotel LP's reported 105 employees, and received an average PPP loan of $58,946, 97% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Tishman Hotel LP
NY

Tishman Hotel LP

Entity: Limited Liability Partnership

Industry: Hotels (except Casino Hotels) and Motels

Location: New York, NY

Search All PPP Data

Tishman Hotel LP is a limited liability partnership located at 100 Park Ave 18th Floor in New York, New York that received a Coronavirus-related PPP loan from the SBA of $3,735,004.00 in April, 2020.

$ PPP Loan Information
Loan #7597317008

Loan Size:

$3.74M

Jobs Retained:

269

Loan Approved:

2020-04-07

Loan Status:

Paid in Full or Forgiven

Lender:

Wintrust Bank, National Association

Tishman Hotel LP in New York, NY received a Paycheck Protection Loan of $3.74M through Wintrust Bank, 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 More
Understanding 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 More

Based 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, Tishman Hotel LP's 2019 payroll expenses are estimated to be at least $17.93M.

Based on their reported 269 jobs retained, this equals an estimated average yearly compensation of $66,647 per employee1

Reported PPP Proceed Usage:

On the PPP application, Tishman Hotel LP reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,400,000
  • Utilities: $100,000
  • Mortgage Interest: $65,414
  • Health Care: $169,590
Because the loan received by Tishman Hotel LP is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Tishman Hotel LP in New York, NY

Tishman Hotel LP
100 Park Ave 18th Floor
New York, NY 10017

Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

New York County, NY — SBA Office 0202 — Congressional District: NY-12

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Tishman Hotel LP.

Northlight Foundation, Inc
Offices of Other Holding Companies

$54,888 PPP Loan

Similar Companies near New York

In the New York area, 193 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 67 employees (compared to this company's 269) and received an average PPP loan of $739,098 (compared to this company's $3.74M).

Industry PPP Comparison Statistics

Nationwide, 81,995 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 Tishman Hotel LP's reported 269 employees, and received an average PPP loan of $169,748, 95% lower than this company's loan of $3.74M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/tishman-hotel-lp-new-york-ny