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PPP Loan Data — Andrighetto Produce Incorporated, South San Francisco, CA

SBA PPP loan data, payroll data, and salaries for Andrighetto Produce Incorporated
CA

Andrighetto Produce Incorporated

Entity: Corporation

Industry: Fresh Fruit and Vegetable Merchant Wholesalers

Location: South San Francisco, CA

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Andrighetto Produce Incorporated is a corporation located at 131 Terminal Ct Ste 24 in South San Francisco, California that received a Coronavirus-related PPP loan from the SBA of $1,996,220.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 147 people during the applicable loan loan period.

$ PPP Loan Information
Loan #3919077101

Loan Size:

$2M

Jobs Retained:

147

Loan Approved:

2020-04-12

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of America, National Association

Andrighetto Produce Incorporated in South San Francisco, CA received a Paycheck Protection Loan of $2M through Bank of America, National Association, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Andrighetto Produce Incorporated's 2019 payroll expenses are estimated to be at least $9.58M.

Based on their reported 147 jobs retained, this equals an estimated average yearly compensation of $65,183 per employee1

Reported PPP Proceed Usage:

On the PPP application, Andrighetto Produce Incorporated reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,996,220

Business Information - Andrighetto Produce Incorporated in South San Francisco, CA

Andrighetto Produce Incorporated
131 Terminal Ct Ste 24
South San Francisco, CA 94080

Business Industry:
Fresh Fruit and Vegetable Merchant Wholesalers
NAICS code 424480

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

San Mateo County, CA — SBA Office 0912 — Congressional District: CA-14

Similar Companies near South San Francisco

In the South San Francisco area, 24 businesses in the "Fresh Fruit and Vegetable Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 147) and received an average PPP loan of $429,762 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 4,225 businesses in the "Fresh Fruit and Vegetable Merchant Wholesalers" industry received a total of $800.94M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 19 employees, 87% lower than Andrighetto Produce Incorporated's reported 147 employees, and received an average PPP loan of $189,572, 91% lower than this company's loan of $2M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/andrighetto-produce-incorporated-south-san-francisco-ca