PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — United States Ski Association, Park City, UT

ALERT: There are 2 PPP loans for a total of $4.52M in our database for businesses with the name "United States Ski Association" in Park City, UT. 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 United States Ski Association
UT Nonprofit Organization

United States Ski Association

Entity: Non-profit Organization

Industry: Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)

Location: Park City, UT

Search All PPP Data

United States Ski Association is a non-profit organization located at 1 Victory Ln in Park City, Utah that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.

$ PPP Loan Information
Loan #3099908308

Loan Size:

$2M

Jobs Retained:

148

Loan Approved:

2021-01-21

Loan Status:

Paid in Full or Forgiven

Lender:

Zions Bank, A Division of

United States Ski Association in Park City, UT received a Paycheck Protection Loan of $2M through Zions Bank, A Division of, which was approved in January, 2021.

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 August, 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, United States Ski Association's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 148 jobs retained, this equals an estimated average yearly compensation of $64,865 per employee1

Reported PPP Proceed Usage:

On the PPP application, United States Ski Association reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,000,000
Because the loan received by United States Ski Association 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 - United States Ski Association in Park City, UT

United States Ski Association
1 Victory Ln
Park City, UT 84060

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Summit County, UT — SBA Office 0883 — Congressional District: UT-01

Similar Companies near Park City

In the Park City area, 6 businesses in the "Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)" industry received a PPP loan. These local businesses reported an average of 104 employees (compared to this company's 148) and received an average PPP loan of $1,195,467 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 8,725 businesses in the "Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)" industry received a total of $670.41M 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 9 employees, 94% lower than United States Ski Association's reported 148 employees, and received an average PPP loan of $76,838, 96% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for United States Ski Association
UT Nonprofit Organization

United States Ski Association

Entity: Non-profit Organization

Industry: Sports Teams and Clubs

Location: Park City, UT

Search All PPP Data

United States Ski Association is a non-profit organization located at 1 Victory Lane, Box 100 in Park City, Utah that received a Coronavirus-related PPP loan from the SBA of $2,516,400.00 in April, 2020.

$ PPP Loan Information
Loan #3244927108

Loan Size:

$2.52M

Jobs Retained:

166

Loan Approved:

2020-04-11

Loan Status:

Paid in Full or Forgiven

Lender:

Zions Bank, A Division of

United States Ski Association in Park City, UT received a Paycheck Protection Loan of $2.52M through Zions Bank, A Division of, 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 February, 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, United States Ski Association's 2019 payroll expenses are estimated to be at least $12.08M.

Based on their reported 166 jobs retained, this equals an estimated average yearly compensation of $72,763 per employee1

Reported PPP Proceed Usage:

On the PPP application, United States Ski Association reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,516,400
Because the loan received by United States Ski Association 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 - United States Ski Association in Park City, UT

United States Ski Association
1 Victory Lane, Box 100
Park City, UT 84060

Business Industry:
Sports Teams and Clubs
NAICS code 711211

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Summit County, UT — SBA Office 0883 — Congressional District: UT-01

Similar Companies near Park City

In the Park City area, 3 businesses in the "Sports Teams and Clubs" industry received a PPP loan. These local businesses reported an average of 77 employees (compared to this company's 166) and received an average PPP loan of $1,019,998 (compared to this company's $2.52M).

Industry PPP Comparison Statistics

Nationwide, 6,856 businesses in the "Sports Teams and Clubs" industry received a total of $409.71M 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 10 employees, 94% lower than United States Ski Association's reported 166 employees, and received an average PPP loan of $59,759, 98% lower than this company's loan of $2.52M.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/united-states-ski-association-park-city-ut