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

PPP Loan Data — Willard Associates LP, Washington, DC

ALERT: There are 2 PPP loans for a total of $6.81M in our database for businesses with the name "Willard Associates LP" in Washington, DC. 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 Willard Associates LP
DC

Willard Associates LP

Entity: Limited Liability Partnership

Industry: Hotels (except Casino Hotels) and Motels

Location: Washington, DC

Search All PPP Data

Willard Associates LP is a limited liability partnership located at 1455 Pennsylvania Ave Nw Ste 200 in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.

$ PPP Loan Information
Loan #8106618306

Loan Size:

$2M

Jobs Retained:

292

Loan Approved:

2021-01-29

Loan Status:

Ongoing Loan

Lender:

EagleBank

Willard Associates LP in Washington, DC received a Paycheck Protection Loan of $2M through EagleBank, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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, Willard Associates LP's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 292 jobs retained, this equals an estimated average yearly compensation of $32,877 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $1,999,998
  • Utilities: $1
Because the loan received by Willard Associates 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 - Willard Associates LP in Washington, DC

Willard Associates LP
1455 Pennsylvania Ave Nw Ste 200
Washington, DC 20004

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

District Of Columbia County, DC — SBA Office 0353 — Congressional District: DC-

Similar Companies near Washington

In the Washington area, 23 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 76 employees (compared to this company's 292) and received an average PPP loan of $960,639 (compared to this company's $2M).

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, 92% lower than Willard Associates LP's reported 292 employees, and received an average PPP loan of $169,748, 92% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Willard Associates, LP
DC

Willard Associates, LP

Entity: Limited Liability Partnership

Industry: Hotels (except Casino Hotels) and Motels

Location: Washington, DC

Search All PPP Data

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 #3941747206

Loan Size:

$4.81M

Jobs Retained:

314

Loan Approved:

2020-04-27

Loan Status:

Paid in Full or Forgiven

Lender:

EagleBank

Willard Associates, LP in Washington, DC received a Paycheck Protection Loan of $4.81M through EagleBank, 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 August, 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, Willard Associates, LP's 2019 payroll expenses are estimated to be at least $23.1M.

Based on their reported 314 jobs retained, this equals an estimated average yearly compensation of $73,569 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $4,812,642
Because the loan received by Willard Associates, 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 - Willard Associates, LP in Washington, DC

Willard Associates, LP
1455 Pennsylvania Ave Nw
Washington, DC 20004

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: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

District Of Columbia County, DC — SBA Office 0353 — Congressional District: DC-

Similar Companies near Washington

In the Washington area, 23 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 76 employees (compared to this company's 314) and received an average PPP loan of $960,639 (compared to this company's $4.81M).

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, 93% lower than Willard Associates, LP's reported 314 employees, and received an average PPP loan of $169,748, 96% 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. 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/willard-associates-lp-washington-dc