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

PPP Loan Data — Olsen Gaming Inc, Henderson, NV

ALERT: There are 2 PPP loans for a total of $47,686 in our database for businesses with the name "Olsen Gaming Inc" in Henderson, NV. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Olsen Gaming Inc
NV

Olsen Gaming Inc

Entity: Corporation

Industry: Computer Systems Design Services

Location: Henderson, NV

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Olsen Gaming Inc is a corporation located at 1000 N Green Valley Pkwy # 440-348 in Henderson, Nevada that received a Coronavirus-related PPP loan from the SBA of $22,648.00 in February, 2021.

The company has reported itself as an Asian male owned business, and employed at least four people during the applicable loan loan period.

$ PPP Loan Information
Loan #2170698403

Loan Size:

$22,648

Jobs Retained:

4

Loan Approved:

2021-02-03

Loan Status:

Ongoing Loan

Lender:

Customers Bank

Olsen Gaming Inc in Henderson, NV received a Paycheck Protection Loan of $22,648 through Customers Bank, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Olsen Gaming Inc's 2019 payroll expenses are estimated to be at least $108,710.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $27,178 per employee1

Reported PPP Proceed Usage:

On the PPP application, Olsen Gaming Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $22,647

Business Information - Olsen Gaming Inc in Henderson, NV

Olsen Gaming Inc
1000 N Green Valley Pkwy # 440-348
Henderson, NV 89074

Business Industry:
Computer Systems Design Services
NAICS code 541512

Business Owner Demographics

Race: Asian

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Clark County, NV — SBA Office 0944 — Congressional District: NV-03

Similar Companies near Henderson

In the Henderson area, 9 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $35,520 (compared to this company's $22,648).

Industry PPP Comparison Statistics

Nationwide, 31,382 businesses in the "Computer Systems Design Services" industry received a total of $4.35B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 10 employees, 150% higher than Olsen Gaming Inc's reported 4 employees, and received an average PPP loan of $138,748, 513% higher than this company's loan of $22,648.

SBA PPP loan data, payroll data, and salaries for Olsen Gaming Inc
NV

Olsen Gaming Inc

Entity: Corporation

Industry: Doll, Toy, and Game Manufacturing

Location: Henderson, NV

Search All PPP Data

Olsen Gaming Inc is a corporation located at 1000 N.greenvalley Pkwy 440-348 in Henderson, Nevada that received a Coronavirus-related PPP loan from the SBA of $25,038.00 in May, 2020.

The company has reported itself as an Asian male owned business, and employed at least four people during the applicable loan loan period.

$ PPP Loan Information
Loan #8928247708

Loan Size:

$25,038

Jobs Retained:

4

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

Cross River Bank

Olsen Gaming Inc in Henderson, NV received a Paycheck Protection Loan of $25,038 through Cross River Bank, which was approved in May, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Olsen Gaming Inc's 2019 payroll expenses are estimated to be at least $120,182.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,046 per employee1

Reported PPP Proceed Usage:

On the PPP application, Olsen Gaming Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,038

Business Information - Olsen Gaming Inc in Henderson, NV

Olsen Gaming Inc
1000 N.greenvalley Pkwy 440-348
Henderson, NV 89074

Business Industry:
Doll, Toy, and Game Manufacturing
NAICS code 339930

Business Owner Demographics

Race: Asian

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Clark County, NV — SBA Office 0944 — Congressional District: NV-03

Industry PPP Comparison Statistics

Nationwide, 911 businesses in the "Doll, Toy, and Game Manufacturing" industry received a total of $89.25M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 10 employees, 150% higher than Olsen Gaming Inc's reported 4 employees, and received an average PPP loan of $97,972, 291% higher than this company's loan of $25,038.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/olsen-gaming-inc-henderson-nv