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Legislation passed and PPP eligibility expanded for entities with legal gaming revenue

Apr 24, 2020

With the recently published interim final rule from the Small Business Administration (SBA), the SBA clarified that businesses with legal gaming revenue are eligible for the Paycheck Protection Program (PPP).

Previously, tribal gaming entities were ineligible for the CARES Act’s incredibly popular program, which ran out of its $349 billion funding in less than two weeks. It was just refunded with $310 billion with the passage of the Paycheck Protection Program and Health Care Enhancement Act. This next round of funding is expected to diminish quickly as well.

The Wipfli Tribal team can assist you in accessing COVID-19 relief

In addition to the PPP, there are several relief options available to tribal gaming entities. If you need help determining which program is right for you or assistance with loan applications, contact Grant Eve at grant.eve@wiplfi.com or a member of the Wipfli tribal team.

You can also visit our COVID-19 resource center to access further resources that help support individuals, businesses and organizations during the pandemic.

Author(s)

Grant Eve
Grant Eve, CPA, CFE
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