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PPP Loan Data — Braga Ranch, Inc., Soledad, CA

SBA PPP loan data, payroll data, and salaries for Braga Ranch, Inc.
CA

Braga Ranch, Inc.

Entity: Subchapter S Corporation

Industry: Other Vegetable (except Potato) and Melon Farming

Location: Soledad, CA

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Braga Ranch, Inc. is a subchapter s corporation located at 33750 Moranda Road in Soledad, California that received a Coronavirus-related PPP loan from the SBA of $2,990,572.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.99M

Jobs Retained:

258

Loan Approved:

2020-04-16

Lender:

BANK OF THE WEST

Braga Ranch, Inc. in Soledad, CA received a Paycheck Protection Loan of $2.99M through BANK OF THE WEST, which was approved in April, 2020.

Based on standard PPP eligibility rules, Braga Ranch, Inc.'s total 2019 payroll expenses were approximately $14.35M in order to qualify for the PPP loan amount received.

Based on their reported 258 jobs retained, this equals an estimated average yearly compensation of $55,639 per employee1.

Because the loan received by Braga Ranch, 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 - Braga Ranch, Inc. in Soledad, CA

Braga Ranch, Inc.
33750 Moranda Road
Soledad, CA 93960

Business Industry

Other Vegetable (except Potato) and Melon Farming (NAICS code 111219)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-20

Similar Companies near Soledad

In the Soledad area, 4 businesses in the "Other Vegetable (except Potato) and Melon Farming" industry received a PPP loan. These local businesses reported an average of 94 employees (compared to this company's 258) and received an average PPP loan of $1,215,634 (compared to this company's $2.99M).

Industry PPP Comparison Statistics

Nationwide, 2,280 businesses in the "Other Vegetable (except Potato) and Melon Farming" industry received a total of $313,843,829.00 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 18 employees, 93% lower than Braga Ranch, Inc.'s reported 258 employees, and received an average PPP loan of $137,651, 95% lower than this company's loan of $2.99M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/braga-ranch-inc-soledad-ca