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

PPP Loan Data — Creation Gardens Inc, Louisville, KY

ALERT: There are 2 PPP loans for a total of $9.17M in our database for businesses with the name "Creation Gardens Inc" in Louisville, KY. 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 Creation Gardens Inc
KY

Creation Gardens Inc

Entity: Subchapter S Corporation

Industry: Food Service Contractors

Location: Louisville, KY

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Creation Gardens Inc is a subchapter s corporation located at 2055 Nelson Miller Pkwy in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.

$ PPP Loan Information
Loan #5876568405

Loan Size:

$2M

Jobs Retained:

211

Loan Approved:

2021-02-09

Loan Status:

Ongoing Loan

Lender:

Republic Bank & Trust Company

Creation Gardens Inc in Louisville, KY received a Paycheck Protection Loan of $2M through Republic Bank & Trust Company, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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, Creation Gardens Inc's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 211 jobs retained, this equals an estimated average yearly compensation of $45,498 per employee1

Reported PPP Proceed Usage:

On the PPP application, Creation Gardens Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,999
Because the loan received by Creation Gardens 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 - Creation Gardens Inc in Louisville, KY

Creation Gardens Inc
2055 Nelson Miller Pkwy
Louisville, KY 40223

Business Industry:
Food Service Contractors
NAICS code 722310

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: N

Rural / Urban: Urban

Jefferson County, KY — SBA Office 0457 — Congressional District: KY-03

Similar Companies near Louisville

In the Louisville area, 7 businesses in the "Food Service Contractors" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 211) and received an average PPP loan of $386,514 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 35,883 businesses in the "Food Service Contractors" industry received a total of $1.95B 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 7 employees, 97% lower than Creation Gardens Inc's reported 211 employees, and received an average PPP loan of $54,432, 97% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Creation Gardens Inc
KY

Creation Gardens Inc

Entity: Subchapter S Corporation

Industry: Fresh Fruit and Vegetable Merchant Wholesalers

Location: Louisville, KY

Search All PPP Data

Creation Gardens Inc is a subchapter s corporation located at 2055 Nelson Miller Parkway in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $7,171,800.00 in April, 2020.

$ PPP Loan Information
Loan #5946327207

Loan Size:

$7.17M

Jobs Retained:

421

Loan Approved:

2020-04-27

Loan Status:

Ongoing Loan

Lender:

Republic Bank & Trust Company

Creation Gardens Inc in Louisville, KY received a Paycheck Protection Loan of $7.17M through Republic Bank & Trust Company, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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, Creation Gardens Inc's 2019 payroll expenses are estimated to be at least $34.42M.

Based on their reported 421 jobs retained, this equals an estimated average yearly compensation of $81,769 per employee1

Reported PPP Proceed Usage:

On the PPP application, Creation Gardens Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $7,171,800
Because the loan received by Creation Gardens 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 - Creation Gardens Inc in Louisville, KY

Creation Gardens Inc
2055 Nelson Miller Parkway
Louisville, KY 40223

Business Industry:
Fresh Fruit and Vegetable Merchant Wholesalers
NAICS code 424480

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: N

Rural / Urban: Urban

Jefferson County, KY — SBA Office 0457 — Congressional District: KY-03

Industry PPP Comparison Statistics

Nationwide, 4,087 businesses in the "Fresh Fruit and Vegetable Merchant Wholesalers" industry received a total of $796.9M 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 19 employees, 95% lower than Creation Gardens Inc's reported 421 employees, and received an average PPP loan of $194,984, 97% lower than this company's loan of $7.17M.

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.


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Source: www.federalpay.org/paycheck-protection-program/creation-gardens-inc-louisville-ky