PPP Loan Data — Centerra Co-Op, Ashland, OH
Centerra Co-Op is a corporation located at 813 Clark Ave in Ashland, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,682,500.00 in April, 2020.
$ PPP Loan Information
Centerra Co-Op in Ashland, OH received a Paycheck Protection Loan of $3.68M through COBANK ACB, which was approved in April, 2020.
Based on standard PPP eligibility rules, Centerra Co-Op's total 2019 payroll expenses were approximately $17.68M in order to qualify for the PPP loan amount received.
Based on their reported 435 jobs retained, this equals an estimated average yearly compensation of $40,634 per employee1.
Business Information - Centerra Co-Op in Ashland, OH
813 Clark Ave
Ashland, OH 44805
Nursery, Garden Center, and Farm Supply Stores (NAICS code 444220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-07
Similar Companies near Ashland
In the Ashland area, 3 businesses in the "Nursery, Garden Center, and Farm Supply Stores" industry received a PPP loan. These local businesses reported an average of 154 employees (compared to this company's 435) and received an average PPP loan of $1,270,000 (compared to this company's $3.68M).
Similar Nearby Businesses Who Received PPP Funding:
Ashland Seed LLC
Willo'Dell Nursery Inc.
Industry PPP Comparison Statistics
Nationwide, 5,426 businesses in the "Nursery, Garden Center, and Farm Supply Stores" industry received a total of $604,698,392.00 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 14 employees, 97% lower than Centerra Co-Op's reported 435 employees, and received an average PPP loan of $111,445, 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, and is published unmodified, as provided by the SBA.
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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