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PPP Loan Data — Frenchman Valley Farmers Cooperative Inc., Imperial, NE

SBA PPP loan data, payroll data, and salaries for Frenchman Valley Farmers Cooperative Inc.
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:

$3.7M

Jobs Retained:

281

Loan Approved:

2020-04-15

Lender:

COBANK ACB

Frenchman 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.

Because the loan received by Frenchman Valley Farmers Cooperative Inc. 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 - Frenchman Valley Farmers Cooperative Inc. in Imperial, NE

Frenchman Valley Farmers Cooperative Inc.
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-03

Similar 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).

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.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/frenchman-valley-farmers-cooperative-inc-imperial-ne