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PPP Loan Data — The New Colusa Indian Bingo, Colusa, CA

SBA PPP loan data, payroll data, and salaries for The New Colusa Indian Bingo
CA

The New Colusa Indian Bingo

Entity: Corporation

Industry: Casino Hotels

Location: Colusa, CA

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The New Colusa Indian Bingo is a corporation located at 3770 State Highway 45 in Colusa, California that received a Coronavirus-related PPP loan from the SBA of $3,895,165.00 in April, 2020.

The company has reported itself as a female owned business.

$ PPP Loan Information

Loan Size:

$3.9M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-29

Lender:

BANK OF FEATHER RIVER

The New Colusa Indian Bingo received a Paycheck Protection Loan of $3.9M through BANK OF FEATHER RIVER, which was approved in April, 2020.

Based on standard PPP eligibility rules, The New Colusa Indian Bingo's total 2019 payroll expenses were approximately $18.7M in order to qualify for the PPP loan amount received.

Unlike most businesses, The New Colusa Indian Bingo's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by The New Colusa Indian Bingo 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 - The New Colusa Indian Bingo in Colusa, CA

The New Colusa Indian Bingo
3770 State Highway 45
Colusa, CA 95932

Business Industry

Casino Hotels (NAICS code 721120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: FEMALE OWNED

Veteran Status: Unreported

Congressional District: CA-03

Industry PPP Comparison Statistics

Nationwide, 322 businesses in the "Casino Hotels" industry received a total of $284,070,183.00 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 90 employees, and received an average PPP loan of $882,206, 77% lower than this company's loan of $3.9M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/the-new-colusa-indian-bingo-colusa-ca