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

PPP Loan Data — Bay Mills Indian Community, Brimley, MI

ALERT: There are 2 PPP loans for a total of $4.45M in our database for businesses with the name "Bay Mills Indian Community" in Brimley, MI. 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 Bay Mills Indian Community
MI

Bay Mills Indian Community

Entity: Corporation

Industry: Casino Hotels

Location: Brimley, MI

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Bay Mills Indian Community is a corporation located at 11386 W Lakeshore Dr in Brimley, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.

The company has reported itself as an American indian or alaska native male owned business, and employed at least 269 people during the applicable loan loan period.

$ PPP Loan Information
Loan #3276028404

Loan Size:

$2M

Jobs Retained:

269

Loan Approved:

2021-02-04

Loan Status:

Paid in Full or Forgiven

Lender:

Central Savings Bank

Bay Mills Indian Community in Brimley, MI received a Paycheck Protection Loan of $2M through Central Savings Bank, which was approved in February, 2021.

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 September, 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, Bay Mills Indian Community's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 269 jobs retained, this equals an estimated average yearly compensation of $35,688 per employee1

Reported PPP Proceed Usage:

On the PPP application, Bay Mills Indian Community reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,999
  • Utilities: $1
Because the loan received by Bay Mills Indian Community 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 - Bay Mills Indian Community in Brimley, MI

Bay Mills Indian Community
11386 W Lakeshore Dr
Brimley, MI 49715

Business Industry:
Casino Hotels
NAICS code 721120

Business Owner Demographics

Race: American Indian or Alaska Native

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Rural

Chippewa County, MI — SBA Office 0515 — Congressional District: MI-01

Industry PPP Comparison Statistics

Nationwide, 567 businesses in the "Casino Hotels" industry received a total of $435.22M 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 92 employees, 66% lower than Bay Mills Indian Community's reported 269 employees, and received an average PPP loan of $767,583, 62% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Bay Mills Indian Community
MI

Bay Mills Indian Community

Entity: Corporation

Industry: American Indian and Alaska Native Tribal Governments

Location: Brimley, MI

Search All PPP Data

Bay Mills Indian Community is a corporation located at 12140 W Lakeshore Drive in Brimley, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,452,100.00 in April, 2020.

The company has reported itself as an American indian or alaska native male owned business, and employed at least 401 people during the applicable loan loan period.

$ PPP Loan Information
Loan #5000277204

Loan Size:

$2.45M

Jobs Retained:

401

Loan Approved:

2020-04-27

Loan Status:

Paid in Full or Forgiven

Lender:

Old Mission Bank

Bay Mills Indian Community in Brimley, MI received a Paycheck Protection Loan of $2.45M through Old Mission Bank, 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, Bay Mills Indian Community's 2019 payroll expenses are estimated to be at least $11.77M.

Based on their reported 401 jobs retained, this equals an estimated average yearly compensation of $29,352 per employee1

Reported PPP Proceed Usage:

On the PPP application, Bay Mills Indian Community reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,839,075
  • Utilities: $306,513
  • Mortgage Interest: $306,513
Because the loan received by Bay Mills Indian Community 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 - Bay Mills Indian Community in Brimley, MI

Bay Mills Indian Community
12140 W Lakeshore Drive
Brimley, MI 49715

Business Industry:
American Indian and Alaska Native Tribal Governments
NAICS code 921150

Business Owner Demographics

Race: American Indian or Alaska Native

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Rural

Chippewa County, MI — SBA Office 0515 — Congressional District: MI-01

Industry PPP Comparison Statistics

Nationwide, 216 businesses in the "American Indian and Alaska Native Tribal Governments" industry received a total of $120.12M 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 62 employees, 85% lower than Bay Mills Indian Community's reported 401 employees, and received an average PPP loan of $556,090, 77% lower than this company's loan of $2.45M.

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/bay-mills-indian-community-brimley-mi