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PPP Loan Data — Oceans Elven Casino,
Oceanside, CA
Oceans Elven Casino
Entity: Partnership
Industry: Casinos (except Casino Hotels)
Location: Oceanside, CA
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Oceans Elven Casino is a partnership located at 121 Brooks St in Oceanside, California that received a Coronavirus-related PPP loan from the SBA of $2,555,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
343Loan Approved:
2020-04-10Lender:
CITIZENS BUSINESS BANKOceans Elven Casino in Oceanside, CA received a Paycheck Protection Loan of $2.56M through CITIZENS BUSINESS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Oceans Elven Casino's total 2019 payroll expenses were approximately $12.26M in order to qualify for the PPP loan amount received.
Based on their reported 343 jobs retained, this equals an estimated average yearly compensation of $35,755 per employee1.
Business Information - Oceans Elven Casino in Oceanside, CA
121 Brooks St
Oceanside, CA 92054
Business Industry
Casinos (except Casino Hotels) (NAICS code 713210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-49Industry 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, 85% lower than Oceans Elven Casino's reported 343 employees, and received an average PPP loan of $480,576, 81% lower than this company's loan of $2.56M.
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, and is published unmodified, as provided by the SBA.
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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