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PPP Loan Data — FRY Foods, Inc, Tiffin, OH

SBA PPP loan data, payroll data, and salaries for FRY Foods, Inc
OH

FRY Foods, Inc

Entity: Corporation

Industry: Frozen Specialty Food Manufacturing

Location: Tiffin, OH

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FRY Foods, Inc is a corporation located at 99 Maule Rd in Tiffin, Ohio that received a Coronavirus-related PPP loan from the SBA of $4,637,718.00 in April, 2020.

The company has reported itself as a female owned business, and employed at least 500 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.64M

Jobs Retained:

500

Loan Approved:

2020-04-10

Lender:

FIFTH THIRD BANK

FRY Foods, Inc received a Paycheck Protection Loan of $4.64M through FIFTH THIRD BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, FRY Foods, Inc's total 2019 payroll expenses were approximately $22.26M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $44,522 per employee1.

Because the loan received by FRY Foods, 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 - FRY Foods, Inc in Tiffin, OH

FRY Foods, Inc
99 Maule Rd
Tiffin, OH 44883

Business Industry

Frozen Specialty Food Manufacturing (NAICS code 311412)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional District: OH-04

Similar Companies near Tiffin

In the Tiffin area, 2 businesses in the "Frozen Specialty Food Manufacturing" industry received a PPP loan. These local businesses reported an average of 260 employees (compared to this company's 500) and received an average PPP loan of $2,429,682 (compared to this company's $4.64M).

Similar Nearby Businesses Who Received PPP Funding:

Smith Family Frosted Foods, LTD
Tiffin, OH

$221,646 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 434 businesses in the "Frozen Specialty Food Manufacturing" industry received a total of $156,253,662.00 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 36 employees, 93% lower than FRY Foods, Inc's reported 500 employees, and received an average PPP loan of $360,031, 92% lower than this company's loan of $4.64M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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/fry-foods-inc-tiffin-oh