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PPP Loan Data — Tule River Tribe Gaming Authority, Porterville, CA

SBA PPP loan data, payroll data, and salaries for Tule River Tribe Gaming Authority
CA

Tule River Tribe Gaming Authority

Entity: Not Reported

Industry: Unknown

Location: Porterville, CA

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Tule River Tribe Gaming Authority is a located at 681 S Reservation Rd in Porterville, California that received a Coronavirus-related PPP loan from the SBA of $4,321,303.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$4.32M

Jobs Retained:

0 Unreported

Loan Approved:

2020-05-01

Lender:

WELLS FARGO BANK, NATIONAL ASSOCIATION

Tule River Tribe Gaming Authority received a Paycheck Protection Loan of $4.32M through WELLS FARGO BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Tule River Tribe Gaming Authority's total 2019 payroll expenses were approximately $20.74M in order to qualify for the PPP loan amount received.

Unlike most businesses, Tule River Tribe Gaming Authority'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 Tule River Tribe Gaming Authority 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 - Tule River Tribe Gaming Authority in Porterville, CA

Tule River Tribe Gaming Authority
681 S Reservation Rd
Porterville, CA 93257

Business Industry

Unknown (NAICS code 0)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-23

Similar Companies near Porterville

In the Porterville area, 465 businesses in the "Unknown" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 0) and received an average PPP loan of $135,941 (compared to this company's $4.32M).

Industry PPP Comparison Statistics

Nationwide, 5,156,850 businesses in the "Unknown" industry received a total of $522,949,858,572.00 in PPP loans. These businesses account for 100% of total PPP applications submitted, and received 100% of the total PPP funding allocated.

PPP recipients in this industry report an average of 10 employees, and received an average PPP loan of $101,409, 98% lower than this company's loan of $4.32M.

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.

Search FederalPay's Full PPP Loan Database

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/tule-river-tribe-gaming-authority-porterville-ca