PPP Loan Data — Alta Vista Farms LP, Watsonville, CA
Alta Vista Farms LP is a limited liability partnership located at 136 Marsh Ln in Watsonville, California that received a Coronavirus-related PPP loan from the SBA of $3,680,400.00 in April, 2020.
$ PPP Loan Information
Lender:1ST CAPITAL BANK
Alta Vista Farms LP received a Paycheck Protection Loan of $3.68M through 1ST CAPITAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Alta Vista Farms LP's total 2019 payroll expenses were approximately $17.67M in order to qualify for the PPP loan amount received.
Based on their reported 481 jobs retained, this equals an estimated average yearly compensation of $36,727 per employee1.
Business Information - Alta Vista Farms LP in Watsonville, CA
136 Marsh Ln
Watsonville, CA 95076
Berry (except Strawberry) Farming (NAICS code 111334)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-20
Similar Companies near Watsonville
In the Watsonville area, 12 businesses in the "Berry (except Strawberry) Farming" industry received a PPP loan. These local businesses reported an average of 113 employees (compared to this company's 481) and received an average PPP loan of $833,074 (compared to this company's $3.68M).
Similar Nearby Businesses Who Received PPP Funding:
Ortega Berry Farms, LLC
Koppes Plants, LLC
Olallieberry Farms, Inc
Shinta Kawahara Company
Horizon Berry Farms Inc
Creekside Farms Inc.
Big Shot Farms
Medina Berry Farms, LLC
Industry PPP Comparison Statistics
Nationwide, 558 businesses in the "Berry (except Strawberry) Farming" industry received a total of $64,092,085.00 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 21 employees, 96% lower than Alta Vista Farms LP's reported 481 employees, and received an average PPP loan of $114,860, 97% lower than this company's loan of $3.68M.
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.
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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