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

PPP Loan Data — LAC Du Flambeau Band Of Lake Superior Chippewa Indians, Lac Du Flambeau, WI

SBA PPP loan data, payroll data, and salaries for LAC Du Flambeau Band Of Lake Superior Chippewa Indians
WI Nonprofit Organization

LAC Du Flambeau Band Of Lake Superior Chippewa Indians

Entity: Non-profit Organization

Industry: American Indian and Alaska Native Tribal Governments

Location: Lac Du Flambeau, WI

Search All PPP Data

LAC Du Flambeau Band Of Lake Superior Chippewa Indians is a non-profit organization located at Po Box 67 in Lac Du Flambeau, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $2,544,806.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$2.54M

Jobs Retained:

0 Unreported

Loan Approved:

2020-05-13

Lender:

CHIPPEWA VALLEY BANK

LAC Du Flambeau Band Of Lake Superior Chippewa Indians received a Paycheck Protection Loan of $2.54M through CHIPPEWA VALLEY BANK, which was approved in May, 2020.

Based on standard PPP eligibility rules, LAC Du Flambeau Band Of Lake Superior Chippewa Indians' total 2019 payroll expenses were approximately $12.22M in order to qualify for the PPP loan amount received.

Unlike most businesses, LAC Du Flambeau Band Of Lake Superior Chippewa Indians' PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by LAC Du Flambeau Band Of Lake Superior Chippewa Indians 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 - LAC Du Flambeau Band Of Lake Superior Chippewa Indians in Lac Du Flambeau, WI

LAC Du Flambeau Band Of Lake Superior Chippewa Indians
Po Box 67
Lac Du Flambeau, WI 54538

Business Industry

American Indian and Alaska Native Tribal Governments (NAICS code 921150)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WI-07

Industry PPP Comparison Statistics

Nationwide, 165 businesses in the "American Indian and Alaska Native Tribal Governments" industry received a total of $104,326,168.00 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 61 employees, and received an average PPP loan of $632,280, 75% lower than this company's loan of $2.54M.

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!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/lac-du-flambeau-band-of-lake-superior-chippewa-indians-lac-du-flambeau-wi