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PPP Loan Data — Willard Associates, LP, Washington, DC

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

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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:

$4.81M

Jobs Retained:

314

Loan Approved:

2020-04-27

Lender:

EAGLEBANK

Willard 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.

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 / 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).

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/willard-associates-lp-washington-dc