PPP Loan Data — Buffalo Run Casino & Resort, Miami, OK
Buffalo Run Casino & Resort is a corporation located at 1000 Buffalo Run Blvd in Miami, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $1,855,800.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Grand Savings Bank
Buffalo Run Casino & Resort in Miami, OK received a Paycheck Protection Loan of $1.86M through Grand Savings 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 January, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Buffalo Run Casino & Resort's 2019 payroll expenses are estimated to be at least $8.91M.
Based on their reported 227 jobs retained, this equals an estimated average yearly compensation of $39,242 per employee1
Reported PPP Proceed Usage:
On the PPP application, Buffalo Run Casino & Resort reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,855,800
Business Information - Buffalo Run Casino & Resort in Miami, OK
1000 Buffalo Run Blvd
Miami, OK 74354
Casinos (except Casino Hotels)
NAICS code 713210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Miami
In the Miami area, 5 businesses in the "Casinos (except Casino Hotels)" industry received a PPP loan. These local businesses reported an average of 127 employees (compared to this company's 227) and received an average PPP loan of $800,560 (compared to this company's $1.86M).
Similar Nearby Businesses Who Received PPP Funding:
Ottawa Tribe Of Oklahoma
The Stables Casino
Industry PPP Comparison Statistics
Nationwide, 785 businesses in the "Casinos (except Casino Hotels)" industry received a total of $329.94M 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 55 employees, 76% lower than Buffalo Run Casino & Resort's reported 227 employees, and received an average PPP loan of $420,309, 77% lower than this company's loan of $1.86M.
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Footnotes & Information
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