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PPP Loan Data — Frenchman Valley Farmers Cooperative Inc.,
Imperial, NE
Frenchman Valley Farmers Cooperative Inc.
Entity: Cooperative
Industry: Farm Supplies Merchant Wholesalers
Location: Imperial, NE
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Frenchman Valley Farmers Cooperative Inc. is a cooperative located at 202 Broadway in Imperial, Nebraska that received a Coronavirus-related PPP loan from the SBA of $3,698,760.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
281Loan Approved:
2020-04-15Lender:
COBANK ACBFrenchman Valley Farmers Cooperative Inc. in Imperial, NE received a Paycheck Protection Loan of $3.7M through COBANK ACB, which was approved in April, 2020.
Based on standard PPP eligibility rules, Frenchman Valley Farmers Cooperative Inc.'s total 2019 payroll expenses were approximately $17.75M in order to qualify for the PPP loan amount received.
Based on their reported 281 jobs retained, this equals an estimated average yearly compensation of $63,182 per employee1.
Business Information - Frenchman Valley Farmers Cooperative Inc. in Imperial, NE
202 Broadway
Imperial, NE 69033
Business Industry
Farm Supplies Merchant Wholesalers (NAICS code 424910)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NE-03Similar Companies near Imperial
In the Imperial area, 3 businesses in the "Farm Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 103 employees (compared to this company's 281) and received an average PPP loan of $1,326,787 (compared to this company's $3.7M).
Similar Nearby Businesses Who Received PPP Funding:
DSK Irrigation, LLC
Imperial, NE
Pivot Electric, Inc
Imperial, NE
Industry PPP Comparison Statistics
Nationwide, 3,012 businesses in the "Farm Supplies Merchant Wholesalers" industry received a total of $498,453,282.00 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, 95% lower than Frenchman Valley Farmers Cooperative Inc.'s reported 281 employees, and received an average PPP loan of $165,489, 96% lower than this company's loan of $3.7M.
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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