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PPP Loan Data — Gaughan South Holding Company LLC, Las Vegas, NV

SBA PPP loan data, payroll data, and salaries for Gaughan South Holding Company LLC
NV

Gaughan South Holding Company LLC

Entity: Limited Liability Company (LLC)

Industry: Casino Hotels

Location: Las Vegas, NV

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Gaughan South Holding Company LLC is a limited liability company (LLC) located at 9777 Law Vegas Blvd South in Las Vegas, Nevada that received a Coronavirus-related PPP loan from the SBA of $4,819,400.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$4.82M

Jobs Retained:

346

Loan Approved:

2020-05-26

Lender:

GREATER NEVADA CU

Gaughan South Holding Company LLC received a Paycheck Protection Loan of $4.82M through GREATER NEVADA CU, which was approved in May, 2020.

Based on standard PPP eligibility rules, Gaughan South Holding Company LLC's total 2019 payroll expenses were approximately $23.13M in order to qualify for the PPP loan amount received.

Based on their reported 346 jobs retained, this equals an estimated average yearly compensation of $66,859 per employee1.

Because the loan received by Gaughan South Holding Company LLC 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 - Gaughan South Holding Company LLC in Las Vegas, NV

Gaughan South Holding Company LLC
9777 Law Vegas Blvd South
Las Vegas, NV 89183

Business Industry

Casino Hotels (NAICS code 721120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NV-03

Industry PPP Comparison Statistics

Nationwide, 322 businesses in the "Casino Hotels" industry received a total of $284,070,183.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 90 employees, 74% lower than Gaughan South Holding Company LLC's reported 346 employees, and received an average PPP loan of $882,206, 82% lower than this company's loan of $4.82M.

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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Source: www.federalpay.org/paycheck-protection-program/gaughan-south-holding-company-llc-las-vegas-nv