PPP Loan Data — Farmington Farm And Garden, Victor, NY
Farmington Farm And Garden is a corporation located at 6290 Route 96 in Victor, New York that received a Coronavirus-related PPP loan from the SBA of $1,740,712.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 409 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Canandaigua National Bank and Trust Company
Farmington Farm And Garden in Victor, NY received a Paycheck Protection Loan of $1.74M through The Canandaigua National Bank and Trust Company, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Farmington Farm And Garden's 2019 payroll expenses are estimated to be at least $8.36M.
Based on their reported 409 jobs retained, this equals an estimated average yearly compensation of $20,429 per employee1
Reported PPP Proceed Usage:
On the PPP application, Farmington Farm And Garden reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,740,712
Business Information - Farmington Farm And Garden in Victor, NY
6290 Route 96
Victor, NY 14564
All Other General Merchandise Stores
NAICS code 452319
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Victor
In the Victor area, 2 businesses in the "All Other General Merchandise Stores" industry received a PPP loan. These local businesses reported an average of 216 employees (compared to this company's 409) and received an average PPP loan of $937,152 (compared to this company's $1.74M).
Similar Nearby Businesses Who Received PPP Funding:
Marina K Salva Inc
Industry PPP Comparison Statistics
Nationwide, 11,020 businesses in the "All Other General Merchandise Stores" industry received a total of $376.19M 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 5 employees, 99% lower than Farmington Farm And Garden's reported 409 employees, and received an average PPP loan of $34,137, 98% lower than this company's loan of $1.74M.
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Footnotes & Information
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