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

PPP Loan Data — Alta Ski Lifts Company, Alta, UT

ALERT: There are 2 PPP loans for a total of $4.13M in our database for businesses with the name "Alta Ski Lifts Company" in Alta, UT. 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 Alta Ski Lifts Company
UT

Alta Ski Lifts Company

Entity: Corporation

Industry: All Other Amusement and Recreation Industries

Location: Alta, UT

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Alta Ski Lifts Company is a corporation located at 8920 Collins Road in Alta, Utah that received a Coronavirus-related PPP loan from the SBA of $1,695,860.00 in January, 2021.

$ PPP Loan Information
Loan #2703438301

Loan Size:

$1.7M

Jobs Retained:

232

Loan Approved:

2021-01-21

Loan Status:

Ongoing Loan

Lender:

Utah First FCU

Alta Ski Lifts Company in Alta, UT received a Paycheck Protection Loan of $1.7M through Utah First FCU, 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, Alta Ski Lifts Company's 2019 payroll expenses are estimated to be at least $8.14M.

Based on their reported 232 jobs retained, this equals an estimated average yearly compensation of $35,087 per employee1

Reported PPP Proceed Usage:

On the PPP application, Alta Ski Lifts Company reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,695,856
  • Utilities: $1

Business Information - Alta Ski Lifts Company in Alta, UT

Alta Ski Lifts Company
8920 Collins Road
Alta, UT 84092

Business Industry:
All Other Amusement and Recreation Industries
NAICS code 713990

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

Salt Lake County, UT — SBA Office 0883 — Congressional District: UT-03

Similar Companies near Alta

In the Alta area, 4 businesses in the "All Other Amusement and Recreation Industries" industry received a PPP loan. These local businesses reported an average of 77 employees (compared to this company's 232) and received an average PPP loan of $455,112 (compared to this company's $1.7M).

Industry PPP Comparison Statistics

Nationwide, 26,511 businesses in the "All Other Amusement and Recreation Industries" industry received a total of $1.46B 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 12 employees, 95% lower than Alta Ski Lifts Company's reported 232 employees, and received an average PPP loan of $55,179, 97% lower than this company's loan of $1.7M.

SBA PPP loan data, payroll data, and salaries for Alta Ski Lifts Company
UT

Alta Ski Lifts Company

Entity: Corporation

Industry: Hotels (except Casino Hotels) and Motels

Location: Alta, UT

Search All PPP Data

Alta Ski Lifts Company is a corporation located at Po Box 8007 in Alta, Utah that received a Coronavirus-related PPP loan from the SBA of $2,433,320.00 in April, 2020.

$ PPP Loan Information
Loan #1081467107

Loan Size:

$2.43M

Jobs Retained:

351

Loan Approved:

2020-04-09

Loan Status:

Ongoing Loan

Lender:

Utah First FCU

Alta Ski Lifts Company in Alta, UT received a Paycheck Protection Loan of $2.43M through Utah First FCU, which was approved in April, 2020.

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, Alta Ski Lifts Company's 2019 payroll expenses are estimated to be at least $11.68M.

Based on their reported 351 jobs retained, this equals an estimated average yearly compensation of $33,276 per employee1

Reported PPP Proceed Usage:

On the PPP application, Alta Ski Lifts Company reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,433,320
Because the loan received by Alta Ski Lifts Company 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 - Alta Ski Lifts Company in Alta, UT

Alta Ski Lifts Company
Po Box 8007
Alta, UT 84092

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

Salt Lake County, UT — SBA Office 0883 — Congressional District: UT-03

Similar Companies near Alta

In the Alta area, 16 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 65 employees (compared to this company's 351) and received an average PPP loan of $445,409 (compared to this company's $2.43M).

Industry PPP Comparison Statistics

Nationwide, 82,605 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.95B 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 Alta Ski Lifts Company's reported 351 employees, and received an average PPP loan of $168,829, 93% lower than this company's loan of $2.43M.

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/alta-ski-lifts-company-alta-ut