PPP Loan Data — Farm Direct Mushrooms LLC, Hockessin, DE
Farm Direct Mushrooms LLC is a limited liability company (LLC) located at 504 Hemingway Dr in Hockessin, Delaware that received a Coronavirus-related PPP loan from the SBA of $46,457.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Farm Direct Mushrooms LLC in Hockessin, DE received a Paycheck Protection Loan of $46,457 through Quontic Bank, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Farm Direct Mushrooms LLC's 2019 payroll expenses are estimated to be at least $222,994.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,856 per employee1
Reported PPP Proceed Usage:
On the PPP application, Farm Direct Mushrooms LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,457
Business Information - Farm Direct Mushrooms LLC in Hockessin, DE
504 Hemingway Dr
Hockessin, DE 19707
All Other Miscellaneous Crop Farming
NAICS code 111998
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 27,661 businesses in the "All Other Miscellaneous Crop Farming" industry received a total of $1.14B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 6 employees, 14% lower than Farm Direct Mushrooms LLC's reported 7 employees, and received an average PPP loan of $41,062, 12% lower than this company's loan of $46,457.
FederalPay's PPP Information Policy
Footnotes & Information
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