PPP Loan Data — Gallo Cattle Company, LP, Atwater, CA
Gallo Cattle Company, LP is a partnership located at 10561 W Hwy 140 in Atwater, California that received a Coronavirus-related PPP loan from the SBA of $4,210,595.00 in April, 2020.
$ PPP Loan Information
Gallo Cattle Company, LP in Atwater, CA received a Paycheck Protection Loan of $4.21M through MECHANICS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Gallo Cattle Company, LP's total 2019 payroll expenses were approximately $20.21M in order to qualify for the PPP loan amount received.
Based on their reported 375 jobs retained, this equals an estimated average yearly compensation of $53,896 per employee1.
Business Information - Gallo Cattle Company, LP in Atwater, CA
10561 W Hwy 140
Atwater, CA 95301
Cheese Manufacturing (NAICS code 311513)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-16
Industry PPP Comparison Statistics
Nationwide, 311 businesses in the "Cheese Manufacturing" industry received a total of $145,482,305.00 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 37 employees, 90% lower than Gallo Cattle Company, LP's reported 375 employees, and received an average PPP loan of $467,789, 89% lower than this company's loan of $4.21M.
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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