PPP Loan Data — Empirical Foods, Inc., Dakota Dunes, SD
Empirical Foods, Inc. is a subchapter s corporation located at 891 Two Rivers Dr in Dakota Dunes, South Dakota that received a Coronavirus-related PPP loan from the SBA of $9,158,800.00 in April, 2020.
$ PPP Loan Information
Lender:WASHINGTON STATE BANK
Empirical Foods, Inc. received a Paycheck Protection Loan of $9.16M through WASHINGTON STATE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Empirical Foods, Inc.'s total 2019 payroll expenses were approximately $43.96M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $87,924 per employee1.
Business Information - Empirical Foods, Inc. in Dakota Dunes, SD
891 Two Rivers Dr
Dakota Dunes, SD 57049
Meat Processed from Carcasses (NAICS code 311612)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: SD-
Industry PPP Comparison Statistics
Nationwide, 867 businesses in the "Meat Processed from Carcasses" industry received a total of $314,630,695.00 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 35 employees, 93% lower than Empirical Foods, Inc.'s reported 500 employees, and received an average PPP loan of $362,896, 96% lower than this company's loan of $9.16M.
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Footnotes & Information
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