Field Fresh Foods Incorporated in Gardena, CA - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Field Fresh Foods Incorporated, Gardena, CA

Field Fresh Foods Incorporated

Entity: Corporation

Industry: Frozen Fruit, Juice, and Vegetable Manufacturing

Location: Gardena, CA

Field Fresh Foods Incorporated is a corporation located at 14805 San Pedro St in Gardena, California that received a Coronavirus-related PPP loan from the SBA of $4,604,500.00 in April, 2020.

The company has reported itself as a Hispanic male owned business.

$ PPP Loan Information

Loan Size:

$4.6M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-13

Lender:

BANK OF SOUTHERN CALIFORNIA, NATIONAL ASSOCIATION

Field Fresh Foods Incorporated in Gardena, CA received a Paycheck Protection Loan of $4.6M through BANK OF SOUTHERN CALIFORNIA, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Field Fresh Foods Incorporated's total 2019 payroll expenses were approximately $22.1M in order to qualify for the PPP loan amount received.

Unlike most businesses, Field Fresh Foods Incorporated's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Field Fresh Foods Incorporated 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 - Field Fresh Foods Incorporated in Gardena, CA

Field Fresh Foods Incorporated
14805 San Pedro St
Gardena, CA 90248

Business Industry

Frozen Fruit, Juice, and Vegetable Manufacturing (NAICS code 311411)

Business Owner Demographics

Race / Ethnicity: HISPANIC

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: CA-44

Industry PPP Comparison Statistics

Nationwide, 301 businesses in the "Frozen Fruit, Juice, and Vegetable Manufacturing" industry received a total of $99,425,976.00 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 31 employees, and received an average PPP loan of $330,319, 93% lower than this company's loan of $4.6M.

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.

Search FederalPay's Full PPP Loan Database

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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