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PPP Loan Data — Willard Associates, LP,
Washington, DC
Willard Associates, LP
Entity: Limited Liability Partnership
Industry: Hotels (except Casino Hotels) and Motels
Location: Washington, DC
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Willard Associates, LP is a limited liability partnership located at 1455 Pennsylvania Ave Nw in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $4,812,642.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
314Loan Approved:
2020-04-27Lender:
EAGLEBANKWillard Associates, LP received a Paycheck Protection Loan of $4.81M through EAGLEBANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Willard Associates, LP's total 2019 payroll expenses were approximately $23.1M in order to qualify for the PPP loan amount received.
Based on their reported 314 jobs retained, this equals an estimated average yearly compensation of $73,569 per employee1.
Business Information - Willard Associates, LP in Washington, DC
1455 Pennsylvania Ave Nw
Washington, DC 20004
Business Industry
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: DC-Similar Companies near Washington
In the Washington area, 12 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 69 employees (compared to this company's 314) and received an average PPP loan of $930,608 (compared to this company's $4.81M).
Similar Nearby Businesses Who Received PPP Funding:
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XN Corporation Inc
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Partners At 723 8Th St Se, LLC
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Landmark Holdings, Inc.
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Carr 220 South Union Street, LLC
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WDC Property Corp.
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Hotel Hive DC, LLC
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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, 93% lower than Willard Associates, LP's reported 314 employees, and received an average PPP loan of $161,149, 97% lower than this company's loan of $4.81M.
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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