PPP Loan Data — Falcon Farms, Inc., Miami, FL
Falcon Farms, Inc.
Location: Miami, FLTweet This • Search All PPP Data
Falcon Farms, Inc. is a corporation located at 2330 Nw 82 Ave in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $2,432,995.00 in April, 2020.
The company has reported itself as a Hispanic female owned business, and employed at least 463 people during the applicable loan loan period.
$ PPP Loan Information
Falcon Farms, Inc. in Miami, FL received a Paycheck Protection Loan of $2.43M through OCEAN BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Falcon Farms, Inc.'s total 2019 payroll expenses were approximately $11.68M in order to qualify for the PPP loan amount received.
Based on their reported 463 jobs retained, this equals an estimated average yearly compensation of $25,223 per employee1.
Business Information - Falcon Farms, Inc. in Miami, FL
2330 Nw 82 Ave
Miami, FL 33122
Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers (NAICS code 424930)
Business Owner Demographics
Race / Ethnicity: HISPANIC
Gender: FEMALE OWNED
Veteran Status: UnreportedCongressional District: FL-25
Similar Companies near Miami
In the Miami area, 38 businesses in the "Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 463) and received an average PPP loan of $325,437 (compared to this company's $2.43M).
Similar Nearby Businesses Who Received PPP Funding:
Blooms USA LLC
Legacy Flowers LLC
Continental Floral LLC
Sunburst Farms Inc
Maria Flowers International Inc.
Terra Flowers LLC
Atlas Flowers Inc.
Everfresh Flowers Intl Inc
Melody Farms LLC
Industry PPP Comparison Statistics
Nationwide, 2,374 businesses in the "Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers" industry received a total of $294,279,172.00 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 14 employees, 97% lower than Falcon Farms, Inc.'s reported 463 employees, and received an average PPP loan of $123,959, 95% lower than this company's loan of $2.43M.
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, 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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