PPP Loan Data — Agriland Fs, Inc., Winterset, IA
Agriland Fs, Inc. is a corporation located at 421 N. 10th St in Winterset, Iowa that received a Coronavirus-related PPP loan from the SBA of $5,630,250.00 in April, 2020.
$ PPP Loan Information
Agriland Fs, Inc. in Winterset, IA received a Paycheck Protection Loan of $5.63M through COBANK ACB, which was approved in April, 2020.
Based on standard PPP eligibility rules, Agriland Fs, Inc.'s total 2019 payroll expenses were approximately $27.03M in order to qualify for the PPP loan amount received.
Based on their reported 465 jobs retained, this equals an estimated average yearly compensation of $58,119 per employee1.
Business Information - Agriland Fs, Inc. in Winterset, IA
421 N. 10th St
Winterset, IA 50273
Farm Supplies Merchant Wholesalers (NAICS code 424910)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IA-03
Similar Companies near Winterset
In the Winterset area, 2 businesses in the "Farm Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 234 employees (compared to this company's 465) and received an average PPP loan of $2,844,000 (compared to this company's $5.63M).
Similar Nearby Businesses Who Received PPP Funding:
HWY 169 AG Services, LLC
Industry PPP Comparison Statistics
Nationwide, 3,012 businesses in the "Farm Supplies Merchant Wholesalers" industry received a total of $498,453,282.00 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 14 employees, 97% lower than Agriland Fs, Inc.'s reported 465 employees, and received an average PPP loan of $165,489, 97% lower than this company's loan of $5.63M.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!