PPP Loan Data — UST Prime III Hotel Owner, LP, Orlando, FL
UST Prime III Hotel Owner, LP is a limited liability partnership located at 4705 S Apopka Vineland Rd Ste 201 in Orlando, Florida that received a Coronavirus-related PPP loan from the SBA of $5,006,899.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
UST Prime III Hotel Owner, LP in Orlando, FL received a Paycheck Protection Loan of $5.01M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, UST Prime III Hotel Owner, LP's total 2019 payroll expenses were approximately $24.03M in order to qualify for the PPP loan amount received.
Based on their reported 343 jobs retained, this equals an estimated average yearly compensation of $70,067 per employee1.
Business Information - UST Prime III Hotel Owner, LP in Orlando, FL
4705 S Apopka Vineland Rd Ste 201
Orlando, FL 32819
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-10
Similar Companies near Orlando
In the Orlando area, 37 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 343) and received an average PPP loan of $636,036 (compared to this company's $5.01M).
Similar Nearby Businesses Who Received PPP Funding:
Sun Vista Hotels IV LLC
South Park Hospitality, LLP
Rosen Plaza, Inc
JTT Eagles LLC
Hiawassee Hospitality LLC
Universal Towers Construction Inc
Spectrum Hotels, Inc.
Friendship Hospitality LLC
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, 94% lower than UST Prime III Hotel Owner, LP's reported 343 employees, and received an average PPP loan of $161,149, 97% lower than this company's loan of $5.01M.
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Footnotes & Information
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