Rule makes small casinos eligible for Paycheck Protection Program

Rule makes small casinos eligible for Paycheck Protection Program

Through the Paycheck Protection Program, all the casinos that had to be shut down due to pandemic hit will now receive financial help. This is definitely a winning situation for all the tribal casinos, according to several members of the Congress.

In an interim final rule to be conducted on Friday by the US Small Business Administration, some of the legal gaming businesses too will be eligible for the program and will receive financial support.

The statement made by Sen suggests that the Hon-Dah Resort Casino by the White Mountain Apache Tribe, the Twin Arrows Navajo Casino Resort of the Navajo Nation, and the Cliff Castle Casino and Hotel situated in the Yavapai-Apache Nation are few of the tribal casinos of the Arizona region that will benefit well from the Paycheck Protection Program.

According to the policies of the Native American Finance Officers Association, the businesses with less than 500 employees, which received most of their income from gaming weren’t qualified for any of the loans under the PPP program, which excluded most of the casinos that were owned by the tribal governments.

Later, Sinema said that the Treasury Department and Small Business Administration made the right decision by allowing the Tribal communities to have complete access to the PPP, which will be ultimately forgivable if the money is used in paying the employees.

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