Jerry's Nugget, Inc. in North Las Vegas, NV - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Jerry's Nugget, Inc., North Las Vegas, NV

Jerry's Nugget, Inc.

Entity: Corporation

Industry: Casino Hotels

Location: North Las Vegas, NV

Jerry's Nugget, Inc. is a corporation located at 1821 Las Vegas Blvd N in North Las Vegas, Nevada that received a Coronavirus-related PPP loan from the SBA of $2,430,100.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.43M

Jobs Retained:

291

Loan Approved:

2020-04-28

Lender:

ONEWEST BANK, A DIVISION OF

Jerry's Nugget, Inc. received a Paycheck Protection Loan of $2.43M through ONEWEST BANK, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, Jerry's Nugget, Inc.'s total 2019 payroll expenses were approximately $11.66M in order to qualify for the PPP loan amount received.

Based on their reported 291 jobs retained, this equals an estimated average yearly compensation of $40,084 per employee¹.

Because the loan received by Jerry's Nugget, Inc. 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 - Jerry's Nugget, Inc. in North Las Vegas, NV

Jerry's Nugget, Inc.
1821 Las Vegas Blvd N
North Las Vegas, NV 89030

Business Industry

Casino Hotels (NAICS code 721120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: NON-VETERAN

Congressional District: NV-01

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, 69% lower than Jerry's Nugget, Inc.'s reported 291 employees, and received an average PPP loan of $882,206, 64% 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.

Search FederalPay's Full PPP Loan Database

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.

Have FederalPay.org's open data tools been valuable? Consider donating!