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PPP Loan Data — Boghosian Raisin Packing Company Inc,
Fowler, CA
Boghosian Raisin Packing Company Inc
Entity: Corporation
Industry: Dried and Dehydrated Food Manufacturing
Location: Fowler, CA
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Boghosian Raisin Packing Company Inc is a corporation located at 726 S 8th St in Fowler, California that received a Coronavirus-related PPP loan from the SBA of $559,981.00 in March, 2021.
$
PPP Loan Information
Loan #6473008608
Loan Size:
Jobs Retained:
48Loan Approved:
2021-03-23Loan Status:
Paid in Full or ForgivenLender:
Bank of America, National AssociationBoghosian Raisin Packing Company Inc in Fowler, CA received a Paycheck Protection Loan of $559,981 through Bank of America, National Association, which was approved in March, 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 January, 2022.
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 MoreUnderstanding 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 MoreBased 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, Boghosian Raisin Packing Company Inc's 2019 payroll expenses are estimated to be at least $2.69M.
Based on their reported 48 jobs retained, this equals an estimated average yearly compensation of $55,998 per employee1
Reported PPP Proceed Usage:
On the PPP application, Boghosian Raisin Packing Company Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $559,976
- Utilities: $1
Business Information - Boghosian Raisin Packing Company Inc in Fowler, CA
726 S 8th St
Fowler, CA 93625
Business Industry:
Dried and Dehydrated Food Manufacturing
NAICS code 311423
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: Y
HUBZone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There are 2 other businesses that received a PPP loan registered to the same address as Boghosian Raisin Packing Company Inc.
PMB Farming, Inc
All Other Miscellaneous Crop Farming
Boghosian Farms LLC
Grape Vineyards
Similar Companies near Fowler
In the Fowler area, 2 businesses in the "Dried and Dehydrated Food Manufacturing" industry received a PPP loan. These local businesses reported an average of 262 employees (compared to this company's 48) and received an average PPP loan of $2,498,054 (compared to this company's $559,981).
Similar Nearby Businesses Who Received PPP Funding:
Sunshine Raisin Corporation
Fowler, CA
Industry PPP Comparison Statistics
Nationwide, 422 businesses in the "Dried and Dehydrated Food Manufacturing" industry received a total of $95.8M 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 25 employees, 48% lower than Boghosian Raisin Packing Company Inc's reported 48 employees, and received an average PPP loan of $227,015, 59% lower than this company's loan of $559,981.
Boghosian Raisin Packing Company Inc
Entity: Corporation
Industry: All Other Miscellaneous Crop Farming
Location: Fowler, CA
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Boghosian Raisin Packing Company Inc is a corporation located at 726 S 8th St in Fowler, California that received a Coronavirus-related PPP loan from the SBA of $598,954.00 in April, 2020.
$
PPP Loan Information
Loan #2753247207
Loan Size:
Jobs Retained:
45Loan Approved:
2020-04-16Loan Status:
Paid in Full or ForgivenLender:
Bank of America, National AssociationBoghosian Raisin Packing Company Inc in Fowler, CA received a Paycheck Protection Loan of $598,954 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 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 MoreUnderstanding 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 MoreBased 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, Boghosian Raisin Packing Company Inc's 2019 payroll expenses are estimated to be at least $2.87M.
Based on their reported 45 jobs retained, this equals an estimated average yearly compensation of $63,888 per employee1
Reported PPP Proceed Usage:
On the PPP application, Boghosian Raisin Packing Company Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $598,954
Business Information - Boghosian Raisin Packing Company Inc in Fowler, CA
726 S 8th St
Fowler, CA 93625
Business Industry:
All Other Miscellaneous Crop Farming
NAICS code 111998
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There are 2 other businesses that received a PPP loan registered to the same address as Boghosian Raisin Packing Company Inc.
PMB Farming, Inc
All Other Miscellaneous Crop Farming
Boghosian Farms LLC
Grape Vineyards
Similar Companies near Fowler
In the Fowler area, 5 businesses in the "All Other Miscellaneous Crop Farming" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 45) and received an average PPP loan of $211,939 (compared to this company's $598,954).
Similar Nearby Businesses Who Received PPP Funding:
Earthsol LLC
Friant, CA
Farming D Logistical Support
Five Points, CA
PMB Farming, Inc
Fowler, CA
Coelho West Custom Farming, Inc
Five Points, CA
Industry PPP Comparison Statistics
Nationwide, 27,520 businesses in the "All Other Miscellaneous Crop Farming" industry received a total of $1.13B 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 6 employees, 87% lower than Boghosian Raisin Packing Company Inc's reported 45 employees, and received an average PPP loan of $40,966, 93% lower than this company's loan of $598,954.
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.
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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