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PPP Loan Data — US Hotel Osp Ventures, LLC,
Sioux Falls, SD
US Hotel Osp Ventures, LLC
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Location: Sioux Falls, SD
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US Hotel Osp Ventures, LLC is a limited liability company (LLC) located at 122 S Phillips Ave, Suite 230 in Sioux Falls, South Dakota that received a Coronavirus-related PPP loan from the SBA of $2,853,700.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
250Loan Approved:
2020-04-03Lender:
FIRST NATIONAL BANKUS Hotel Osp Ventures, LLC received a Paycheck Protection Loan of $2.85M through FIRST NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, US Hotel Osp Ventures, LLC's total 2019 payroll expenses were approximately $13.7M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $54,791 per employee1.
Business Information - US Hotel Osp Ventures, LLC in Sioux Falls, SD
122 S Phillips Ave, Suite 230
Sioux Falls, SD 57104
Business Industry
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: SD-Similar Companies near Sioux Falls
In the Sioux Falls area, 22 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 50 employees (compared to this company's 250) and received an average PPP loan of $365,531 (compared to this company's $2.85M).
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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 US Hotel Osp Ventures, LLC's reported 250 employees, and received an average PPP loan of $161,149, 94% lower than this company's loan of $2.85M.
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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