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PPP Loan Data — Cool Fresh, LLC, Yuma, AZ

SBA PPP loan data, payroll data, and salaries for Cool Fresh, LLC
AZ

Cool Fresh, LLC

Entity: Limited Liability Company (LLC)

Industry: Postharvest Crop Activities (except Cotton Ginning)

Location: Yuma, AZ

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Cool Fresh, LLC is a limited liability company (LLC) located at 4193 S. Avenue 3 1/2 E in Yuma, Arizona that received a Coronavirus-related PPP loan from the SBA of $338,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$338,700

Jobs Retained:

67

Loan Approved:

2020-04-15

Lender:

ZIONS BANK, A DIVISION OF

Cool Fresh, LLC received a Paycheck Protection Loan of $338,700 through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, Cool Fresh, LLC's total 2019 payroll expenses were approximately $1.63M in order to qualify for the PPP loan amount received.

Based on their reported 67 jobs retained, this equals an estimated average yearly compensation of $24,265 per employee1.

Business Information - Cool Fresh, LLC in Yuma, AZ

Cool Fresh, LLC
4193 S. Avenue 3 1/2 E
Yuma, AZ 85365

Business Industry

Postharvest Crop Activities (except Cotton Ginning) (NAICS code 115114)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: AZ-04

Similar Companies near Yuma

In the Yuma area, 5 businesses in the "Postharvest Crop Activities (except Cotton Ginning)" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 67) and received an average PPP loan of $881,640 (compared to this company's $338,700).

Industry PPP Comparison Statistics

Nationwide, 759 businesses in the "Postharvest Crop Activities (except Cotton Ginning)" industry received a total of $229,232,348.00 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 31 employees, 54% lower than Cool Fresh, LLC's reported 67 employees, and received an average PPP loan of $302,019, 11% lower than this company's loan of $338,700.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/cool-fresh-llc-yuma-az