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

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

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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 Size:

$2.52M

Jobs Retained:

166

Loan Approved:

2020-04-11

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.

Based on standard PPP eligibility rules, United States Ski Association's total 2019 payroll expenses were approximately $12.08M in order to qualify for the PPP loan amount received.

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

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 / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: UT-01

Similar Companies near Park City

In the Park City area, 2 businesses in the "Sports Teams and Clubs" industry received a PPP loan. These local businesses reported an average of 100 employees (compared to this company's 166) and received an average PPP loan of $1,412,667 (compared to this company's $2.52M).

Industry PPP Comparison Statistics

Nationwide, 3,054 businesses in the "Sports Teams and Clubs" industry received a total of $220,811,171.00 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 11 employees, 93% lower than United States Ski Association's reported 166 employees, and received an average PPP loan of $72,302, 97% 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, 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/united-states-ski-association-park-city-ut