PPP Loan Data — Cypress Lane Ranch, Petaluma, CA
Cypress Lane Ranch is a partnership located at 6701 Red Hill Road in Petaluma, California that received a Coronavirus-related PPP loan from the SBA of $47,038.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Cypress Lane Ranch in Petaluma, CA received a Paycheck Protection Loan of $47,038 through Wells Fargo Bank, National Association, 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
Understanding Payroll Estimates Based On PPP Amount
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, Cypress Lane Ranch's 2019 payroll expenses are estimated to be at least $225,782.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $32,255 per employee1
Reported PPP Proceed Usage:
On the PPP application, Cypress Lane Ranch reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,038
Business Information - Cypress Lane Ranch in Petaluma, CA
6701 Red Hill Road
Petaluma, CA 94952
Fluid Milk Manufacturing
NAICS code 311511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 274 businesses in the "Fluid Milk Manufacturing" industry received a total of $120.57M 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 38 employees, 443% higher than Cypress Lane Ranch's reported 7 employees, and received an average PPP loan of $440,024, 835% higher than this company's loan of $47,038.
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Footnotes & Information
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