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PPP Loan Data — Jamul Indian Village Development Corp, Jamul, CA

SBA PPP loan data, payroll data, and salaries for Jamul Indian Village Development Corp
CA

Jamul Indian Village Development Corp

Entity: Corporation

Industry: Casinos (except Casino Hotels)

Location: Jamul, CA

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Jamul Indian Village Development Corp is a corporation located at 14145 Campo Rd in Jamul, California that received a Coronavirus-related PPP loan from the SBA of $6,863,265.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$6.86M

Jobs Retained:

500

Loan Approved:

2020-04-30

Lender:

U.S. BANK, NATIONAL ASSOCIATION

Jamul Indian Village Development Corp received a Paycheck Protection Loan of $6.86M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Jamul Indian Village Development Corp's total 2019 payroll expenses were approximately $32.94M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $65,887 per employee1.

Because the loan received by Jamul Indian Village Development Corp 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 - Jamul Indian Village Development Corp in Jamul, CA

Jamul Indian Village Development Corp
14145 Campo Rd
Jamul, CA 91935

Business Industry

Casinos (except Casino Hotels) (NAICS code 713210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-51

Industry PPP Comparison Statistics

Nationwide, 493 businesses in the "Casinos (except Casino Hotels)" industry received a total of $236,923,979.00 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 53 employees, 89% lower than Jamul Indian Village Development Corp's reported 500 employees, and received an average PPP loan of $480,576, 93% lower than this company's loan of $6.86M.

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/jamul-indian-village-development-corp-jamul-ca