PPP Loan Data — Sleepy Eye Golf Club Inc, Sleepy Eye, MN
Sleepy Eye Golf Club Inc is a non-profit organization located at 27898 Us Hwy 14 in Sleepy Eye, Minnesota that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Americana Community Bank
Sleepy Eye Golf Club Inc in Sleepy Eye, MN received a Paycheck Protection Loan of $24,900 through Americana Community Bank, 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 December, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Sleepy Eye Golf Club Inc's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $9,960 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sleepy Eye Golf Club Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,920
- Utilities: $996
- Mortgage Interest: $996
- Rent: $996
- Refinance EIDL: $996
- Debt Interest: $996
Business Information - Sleepy Eye Golf Club Inc in Sleepy Eye, MN
27898 Us Hwy 14
Sleepy Eye, MN 56085
Golf Courses and Country Clubs
NAICS code 713910
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 9,352 businesses in the "Golf Courses and Country Clubs" industry received a total of $1.3B 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 28 employees, 133% higher than Sleepy Eye Golf Club Inc's reported 12 employees, and received an average PPP loan of $139,292, 459% higher than this company's loan of $24,900.
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Footnotes & Information
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