PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Blaine Larsen Farms Inc, Dalhart, TX

ALERT: There are 2 PPP loans for a total of $5.62M in our database for businesses with the name "Blaine Larsen Farms Inc" in Dalhart, TX. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Blaine Larsen Farms Inc
TX

Blaine Larsen Farms Inc

Entity: Corporation

Industry: Potato Farming

Location: Dalhart, TX

Search All PPP Data

Blaine Larsen Farms Inc is a corporation located at 12295 County Road 11 in Dalhart, Texas that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.

$ PPP Loan Information
Loan #7343658306

Loan Size:

$2M

Jobs Retained:

250

Loan Approved:

2021-01-28

Loan Status:

Paid in Full or Forgiven

Lender:

Farmers & Stockmens Bank

Blaine Larsen Farms Inc in Dalhart, TX received a Paycheck Protection Loan of $2M through Farmers & Stockmens Bank, which was approved in January, 2021.

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 November, 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, Blaine Larsen Farms Inc's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $38,400 per employee1

Reported PPP Proceed Usage:

On the PPP application, Blaine Larsen Farms Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,995
  • Utilities: $1
Because the loan received by Blaine Larsen Farms Inc 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 - Blaine Larsen Farms Inc in Dalhart, TX

Blaine Larsen Farms Inc
12295 County Road 11
Dalhart, TX 79022

Business Industry:
Potato Farming
NAICS code 111211

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Dallam County, TX — SBA Office 0678 — Congressional District: TX-13

Businesses Using Same Address:

There are 2 other businesses that received a PPP loan registered to the same address as Blaine Larsen Farms Inc.

BCL Management Inc
All Other Professional, Scientific, and Technical Services

$83,562 PPP Loan

Circle C Ranch
Potato Farming

$421,327 PPP Loan

Similar Companies near Dalhart

In the Dalhart area, 4 businesses in the "Potato Farming" industry received a PPP loan. These local businesses reported an average of 220 employees (compared to this company's 250) and received an average PPP loan of $1,614,892 (compared to this company's $2M).

Similar Nearby Businesses Who Received PPP Funding:

Circle C Ranch
Dalhart, TX

$421,327 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,725 businesses in the "Potato Farming" industry received a total of $228.33M 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 12 employees, 95% lower than Blaine Larsen Farms Inc's reported 250 employees, and received an average PPP loan of $83,792, 96% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Blaine Larsen Farms, Inc
TX

Blaine Larsen Farms, Inc

Entity: Corporation

Industry: Potato Farming

Location: Dalhart, TX

Search All PPP Data

Blaine Larsen Farms, Inc is a corporation located at 12295 County Road 11 in Dalhart, Texas that received a Coronavirus-related PPP loan from the SBA of $3,616,914.00 in July, 2020.

$ PPP Loan Information
Loan #3038068105

Loan Size:

$3.62M

Jobs Retained:

360

Loan Approved:

2020-07-14

Loan Status:

Paid in Full or Forgiven

Lender:

Farmers & Stockmens Bank

Blaine Larsen Farms, Inc in Dalhart, TX received a Paycheck Protection Loan of $3.62M through Farmers & Stockmens Bank, which was approved in July, 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 July, 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, Blaine Larsen Farms, Inc's 2019 payroll expenses are estimated to be at least $17.36M.

Based on their reported 360 jobs retained, this equals an estimated average yearly compensation of $48,226 per employee1

Reported PPP Proceed Usage:

On the PPP application, Blaine Larsen Farms, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,616,914
Because the loan received by Blaine Larsen Farms, Inc 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 - Blaine Larsen Farms, Inc in Dalhart, TX

Blaine Larsen Farms, Inc
12295 County Road 11
Dalhart, TX 79022

Business Industry:
Potato Farming
NAICS code 111211

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Dallam County, TX — SBA Office 0678 — Congressional District: TX-13

Businesses Using Same Address:

There are 2 other businesses that received a PPP loan registered to the same address as Blaine Larsen Farms, Inc.

BCL Management Inc
All Other Professional, Scientific, and Technical Services

$83,562 PPP Loan

Circle C Ranch
Potato Farming

$421,327 PPP Loan

Similar Companies near Dalhart

In the Dalhart area, 4 businesses in the "Potato Farming" industry received a PPP loan. These local businesses reported an average of 220 employees (compared to this company's 360) and received an average PPP loan of $1,614,892 (compared to this company's $3.62M).

Similar Nearby Businesses Who Received PPP Funding:

Circle C Ranch
Dalhart, TX

$421,327 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,725 businesses in the "Potato Farming" industry received a total of $228.33M 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 12 employees, 97% lower than Blaine Larsen Farms, Inc's reported 360 employees, and received an average PPP loan of $83,792, 98% lower than this company's loan of $3.62M.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/blaine-larsen-farms-inc-dalhart-tx