PPP Loan Data — Steele Canyon Golf Club, Jamul, CA
Steele Canyon Golf Club is a corporation located at 3199 Stonefield Dr in Jamul, California that received a Coronavirus-related PPP loan from the SBA of $2,230,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Steele Canyon Golf Club in Jamul, CA received a Paycheck Protection Loan of $2.23M through Sunwest Bank, which was approved in April, 2020.
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
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, Steele Canyon Golf Club's 2019 payroll expenses are estimated to be at least $10.7M.
Based on their reported 375 jobs retained, this equals an estimated average yearly compensation of $28,544 per employee1
Reported PPP Proceed Usage:
On the PPP application, Steele Canyon Golf Club reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,230,000
Business Information - Steele Canyon Golf Club in Jamul, CA
3199 Stonefield Dr
Jamul, CA 91935
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: Urban
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, 93% lower than Steele Canyon Golf Club's reported 375 employees, and received an average PPP loan of $139,292, 94% lower than this company's loan of $2.23M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!