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

PPP Loan Data — DNS Farm Services, LLC, Cleveland, OH

SBA PPP loan data, payroll data, and salaries for DNS Farm Services, LLC
OH

DNS Farm Services, LLC

Entity: Limited Liability Company (LLC)

Industry: Apple Orchards

Location: Cleveland, OH

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DNS Farm Services, LLC is a limited liability company (LLC) located at 4910 Tiedeman Rd. in Cleveland, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,693,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.69M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-12

Lender:

KEYBANK NATIONAL ASSOCIATION

DNS Farm Services, LLC received a Paycheck Protection Loan of $2.69M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, DNS Farm Services, LLC's total 2019 payroll expenses were approximately $12.93M in order to qualify for the PPP loan amount received.

Unlike most businesses, DNS Farm Services, LLC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by DNS Farm Services, LLC 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 - DNS Farm Services, LLC in Cleveland, OH

DNS Farm Services, LLC
4910 Tiedeman Rd.
Cleveland, OH 44144

Business Industry

Apple Orchards (NAICS code 111331)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OH-09

Industry PPP Comparison Statistics

Nationwide, 1,010 businesses in the "Apple Orchards" industry received a total of $108,163,279.00 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 19 employees, and received an average PPP loan of $107,092, 96% lower than this company's loan of $2.69M.

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. ยง 552 (Freedom of Information Act) and 5 U.S.C. ยง 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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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/dns-farm-services-llc-cleveland-oh