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PPP Loan Data — Garton Tractor Inc, Turlock, CA

SBA PPP loan data, payroll data, and salaries for Garton Tractor Inc
CA

Garton Tractor Inc

Entity: Corporation

Industry: Farm and Garden Machinery and Equipment Merchant Wholesalers

Location: Turlock, CA

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Garton Tractor Inc is a corporation located at 2400 Golden State Blvd. in Turlock, California that received a Coronavirus-related PPP loan from the SBA of $3,331,005.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.33M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-07

Lender:

FARMERS & MERCHANTS BANK OF CENTRAL CALIFORNIA

Garton Tractor Inc in Turlock, CA received a Paycheck Protection Loan of $3.33M through FARMERS & MERCHANTS BANK OF CENTRAL CALIFORNIA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Garton Tractor Inc's total 2019 payroll expenses were approximately $15.99M in order to qualify for the PPP loan amount received.

Unlike most businesses, Garton Tractor Inc'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 Garton Tractor 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 - Garton Tractor Inc in Turlock, CA

Garton Tractor Inc
2400 Golden State Blvd.
Turlock, CA 95381

Business Industry

Farm and Garden Machinery and Equipment Merchant Wholesalers (NAICS code 423820)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-10

Industry PPP Comparison Statistics

Nationwide, 2,270 businesses in the "Farm and Garden Machinery and Equipment Merchant Wholesalers" industry received a total of $573,983,487.00 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 19 employees, and received an average PPP loan of $252,856, 92% lower than this company's loan of $3.33M.

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.

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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/garton-tractor-inc-turlock-ca