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

PPP Loan Data — Creek AG LLC, Moorpark, CA

ALERT: There are 2 PPP loans for a total of $202,768 in our database for businesses with the name "Creek AG LLC" in Moorpark, CA. 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 Creek AG LLC
CA

Creek AG LLC

Entity: Limited Liability Company (LLC)

Industry: Farm Labor Contractors and Crew Leaders

Location: Moorpark, CA

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Creek AG LLC is a limited liability company (LLC) located at 12573 Cherry Grove St in Moorpark, California that received a Coronavirus-related PPP loan from the SBA of $100,188.00 in March, 2021.

The company has reported itself as a White male owned business, and employed at least twenty people during the applicable loan loan period.

$ PPP Loan Information
Loan #3848118610

Loan Size:

$100,188

Jobs Retained:

20

Loan Approved:

2021-03-17

Loan Status:

Ongoing Loan

Lender:

Mechanics Bank

Creek AG LLC in Moorpark, CA received a Paycheck Protection Loan of $100,188 through Mechanics Bank, which was approved in March, 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, Creek AG LLC's 2019 payroll expenses are estimated to be at least $480,902.

Based on their reported 20 jobs retained, this equals an estimated average yearly compensation of $24,045 per employee1

Reported PPP Proceed Usage:

On the PPP application, Creek AG LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $100,185
  • Utilities: $1

Business Information - Creek AG LLC in Moorpark, CA

Creek AG LLC
12573 Cherry Grove St
Moorpark, CA 93021

Business Industry:
Farm Labor Contractors and Crew Leaders
NAICS code 115115

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Ventura County, CA — SBA Office 0914 — Congressional District: CA-26

Industry PPP Comparison Statistics

Nationwide, 3,959 businesses in the "Farm Labor Contractors and Crew Leaders" industry received a total of $455.54M 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 26 employees, 30% higher than Creek AG LLC's reported 20 employees, and received an average PPP loan of $115,064, 15% higher than this company's loan of $100,188.

SBA PPP loan data, payroll data, and salaries for Creek AG LLC
CA

Creek AG LLC

Entity: Limited Liability Company (LLC)

Industry: Other Vegetable (except Potato) and Melon Farming

Location: Moorpark, CA

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Creek AG LLC is a limited liability company (LLC) located at 12573 Cherry Grove in Moorpark, California that received a Coronavirus-related PPP loan from the SBA of $102,580.00 in April, 2020.

$ PPP Loan Information
Loan #6704367101

Loan Size:

$102,580

Jobs Retained:

18

Loan Approved:

2020-04-14

Loan Status:

Ongoing Loan

Lender:

Mechanics Bank

Creek AG LLC in Moorpark, CA received a Paycheck Protection Loan of $102,580 through Mechanics Bank, 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, Creek AG LLC's 2019 payroll expenses are estimated to be at least $492,384.

Based on their reported 18 jobs retained, this equals an estimated average yearly compensation of $27,355 per employee1

Reported PPP Proceed Usage:

On the PPP application, Creek AG LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $102,580

Business Information - Creek AG LLC in Moorpark, CA

Creek AG LLC
12573 Cherry Grove
Moorpark, CA 93011

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

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

Ventura County, CA — SBA Office 0914 — Congressional District: CA-26

Similar Companies near Moorpark

In the Moorpark area, 6 businesses in the "Other Vegetable (except Potato) and Melon Farming" industry received a PPP loan. These local businesses reported an average of 68 employees (compared to this company's 18) and received an average PPP loan of $517,166 (compared to this company's $102,580).

Industry PPP Comparison Statistics

Nationwide, 5,617 businesses in the "Other Vegetable (except Potato) and Melon Farming" industry received a total of $452.09M 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 13 employees, 28% lower than Creek AG LLC's reported 18 employees, and received an average PPP loan of $80,486, 22% lower than this company's loan of $102,580.

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/creek-ag-llc-moorpark-ca