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PPP Loan Data — Alta Vista Farms LP, Watsonville, CA

SBA PPP loan data, payroll data, and salaries for Alta Vista Farms LP
CA

Alta Vista Farms LP

Entity: Limited Liability Partnership

Industry: Berry (except Strawberry) Farming

Location: Watsonville, CA

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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

Loan Size:

$3.68M

Jobs Retained:

481

Loan Approved:

2020-04-08

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.

Because the loan received by Alta Vista Farms LP 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 - Alta Vista Farms LP in Watsonville, CA

Alta Vista Farms LP
136 Marsh Ln
Watsonville, CA 95076

Business Industry

Berry (except Strawberry) Farming (NAICS code 111334)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

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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/alta-vista-farms-lp-watsonville-ca