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PPP Loan Data — Quinault Indian Nation, Aberdeen, WA

ALERT: There are 2 PPP loans for a total of $3.29M in our database for businesses with the name "Quinault Indian Nation" in Aberdeen, WA. 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 Quinault Indian Nation
WA

Quinault Indian Nation

Entity: Limited Liability Company (LLC)

Industry: Casino Hotels

Location: Aberdeen, WA

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Quinault Indian Nation is a limited liability company (LLC) located at 78 St. Rt. 115 in Aberdeen, Washington that received a Coronavirus-related PPP loan from the SBA of $3,058,700.00 in April, 2020.

$ PPP Loan Information
Loan #3326667302

Loan Size:

$3.06M

Jobs Retained:

392

Loan Approved:

2020-04-29

Loan Status:

Paid in Full or Forgiven

Lender:

KeyBank National Association

Quinault Indian Nation in Aberdeen, WA received a Paycheck Protection Loan of $3.06M through KeyBank National Association, which was approved in April, 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 July, 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, Quinault Indian Nation's 2019 payroll expenses are estimated to be at least $14.68M.

Based on their reported 392 jobs retained, this equals an estimated average yearly compensation of $37,453 per employee1

Reported PPP Proceed Usage:

On the PPP application, Quinault Indian Nation reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,058,700
Because the loan received by Quinault Indian Nation 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 - Quinault Indian Nation in Aberdeen, WA

Quinault Indian Nation
78 St. Rt. 115
Aberdeen, WA 98520

Business Industry:
Casino Hotels
NAICS code 721120

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: Y

HUBZone: N

Rural / Urban: Rural

Grays Harbor County, WA — SBA Office 1013 — Congressional District: WA-06

Industry PPP Comparison Statistics

Nationwide, 567 businesses in the "Casino Hotels" industry received a total of $435.22M 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 92 employees, 77% lower than Quinault Indian Nation's reported 392 employees, and received an average PPP loan of $767,583, 75% lower than this company's loan of $3.06M.

SBA PPP loan data, payroll data, and salaries for Quinault Indian Nation
WA

Quinault Indian Nation

Entity: Limited Liability Company (LLC)

Industry: Civic and Social Organizations

Location: Aberdeen, WA

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Quinault Indian Nation is a limited liability company (LLC) located at 619 East Market Street in Aberdeen, Washington that received a Coronavirus-related PPP loan from the SBA of $231,314.00 in April, 2020.

$ PPP Loan Information
Loan #1558127304

Loan Size:

$231,314

Jobs Retained:

31

Loan Approved:

2020-04-28

Loan Status:

Paid in Full or Forgiven

Lender:

KeyBank National Association

Quinault Indian Nation in Aberdeen, WA received a Paycheck Protection Loan of $231,314 through KeyBank National Association, which was approved in April, 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 July, 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, Quinault Indian Nation's 2019 payroll expenses are estimated to be at least $1.11M.

Based on their reported 31 jobs retained, this equals an estimated average yearly compensation of $35,816 per employee1

Reported PPP Proceed Usage:

On the PPP application, Quinault Indian Nation reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $231,314

Business Information - Quinault Indian Nation in Aberdeen, WA

Quinault Indian Nation
619 East Market Street
Aberdeen, WA 98520

Business Industry:
Civic and Social Organizations
NAICS code 813410

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: Y

HUBZone: Y

Rural / Urban: Rural

Grays Harbor County, WA — SBA Office 1013 — Congressional District: WA-06

Similar Companies near Aberdeen

In the Aberdeen area, 4 businesses in the "Civic and Social Organizations" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 31) and received an average PPP loan of $114,779 (compared to this company's $231,314).

Industry PPP Comparison Statistics

Nationwide, 18,467 businesses in the "Civic and Social Organizations" industry received a total of $2.6B 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 20 employees, 35% lower than Quinault Indian Nation's reported 31 employees, and received an average PPP loan of $140,720, 39% lower than this company's loan of $231,314.

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/quinault-indian-nation-aberdeen-wa