PPP Loan Data — Espinoza Farm Labor Contractor, Delano, CA
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
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.
Business Information - Espinoza Farm Labor Contractor in Delano, CA
1921 13th Ave
Delano, CA 93215
All Other Miscellaneous Crop Farming (NAICS code 111998)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
A&B Farm Labor Contracting Inc
D Martinez Contracting
Russell Contracting LLC
Twiford Farms, Inc.
Monarch Nut Company, LLC
Munger Bros, LLC
Double V Farm Labor Contracting, Inc
King Grape Farm
Platinum Farm Labor Contractor Inc
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.
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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