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PPP Loan Data — Espinoza Farm Labor Contractor, Delano, CA

SBA PPP loan data, payroll data, and salaries for Espinoza Farm Labor Contractor
CA

Espinoza Farm Labor Contractor

Entity: Corporation

Industry: All Other Miscellaneous Crop Farming

Location: Delano, CA

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Espinoza Farm Labor Contractor is a corporation located at 1921 13th Ave in Delano, California that received a Coronavirus-related PPP loan from the SBA of $4,014,484.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$4.01M

Jobs Retained:

412

Loan Approved:

2020-05-10

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Espinoza Farm Labor Contractor received a Paycheck Protection Loan of $4.01M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Espinoza Farm Labor Contractor's total 2019 payroll expenses were approximately $19.27M in order to qualify for the PPP loan amount received.

Based on their reported 412 jobs retained, this equals an estimated average yearly compensation of $46,771 per employee1.

Because the loan received by Espinoza Farm Labor Contractor 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 - Espinoza Farm Labor Contractor in Delano, CA

Espinoza Farm Labor Contractor
1921 13th Ave
Delano, CA 93215

Business Industry

All Other Miscellaneous Crop Farming (NAICS code 111998)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-21

Similar Companies near Delano

In the Delano area, 18 businesses in the "All Other Miscellaneous Crop Farming" industry received a PPP loan. These local businesses reported an average of 82 employees (compared to this company's 412) and received an average PPP loan of $669,790 (compared to this company's $4.01M).

Industry PPP Comparison Statistics

Nationwide, 13,220 businesses in the "All Other Miscellaneous Crop Farming" industry received a total of $758,336,902.00 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 8 employees, 98% lower than Espinoza Farm Labor Contractor's reported 412 employees, and received an average PPP loan of $57,363, 99% lower than this company's loan of $4.01M.

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.

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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/espinoza-farm-labor-contractor-delano-ca