PPP Loan Data — Travel Traders Hotels Inc, Miami, FL
Travel Traders Hotels Inc is a corporation located at 6205 Blue Lagoon Dr in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $6,748,700.00 in April, 2020.
$ PPP Loan Information
Lender:FIFTH THIRD BANK
Travel Traders Hotels Inc received a Paycheck Protection Loan of $6.75M through FIFTH THIRD BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Travel Traders Hotels Inc's total 2019 payroll expenses were approximately $32.39M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $64,788 per employee1.
Business Information - Travel Traders Hotels Inc in Miami, FL
6205 Blue Lagoon Dr
Miami, FL 33126
Gift, Novelty, and Souvenir Stores (NAICS code 453220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-25
Similar Companies near Miami
In the Miami area, 6 businesses in the "Gift, Novelty, and Souvenir Stores" industry received a PPP loan. These local businesses reported an average of 84 employees (compared to this company's 500) and received an average PPP loan of $1,131,086 (compared to this company's $6.75M).
Similar Nearby Businesses Who Received PPP Funding:
Miami Gallery And Company LLC
Joy Sea Enterprises Inc
Beepers Etc Etc By Impact Inc
Bomboniere USA Inc
Industry PPP Comparison Statistics
Nationwide, 8,550 businesses in the "Gift, Novelty, and Souvenir Stores" industry received a total of $328,362,945.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 99% lower than Travel Traders Hotels Inc's reported 500 employees, and received an average PPP loan of $38,405, 99% lower than this company's loan of $6.75M.
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Footnotes & Information
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