PPP Loan Data — Gila Ridge Investment Company LLC, Yuma, AZ
Gila Ridge Investment Company LLC
Entity: Limited Liability Company (LLC)
Location: Yuma, AZTweet This • Search All PPP Data
Gila Ridge Investment Company LLC is a limited liability company (LLC) located at 3661 E 24 Street in Yuma, Arizona that received a Coronavirus-related PPP loan from the SBA of $266,300.00 in May, 2020.
$ PPP Loan Information
Lender:ZIONS BANK, A DIVISION OF
Gila Ridge Investment Company LLC received a Paycheck Protection Loan of $266,300 through ZIONS BANK, A DIVISION OF, which was approved in May, 2020.
Based on standard PPP eligibility rules, Gila Ridge Investment Company LLC's total 2019 payroll expenses were approximately $1.28M in order to qualify for the PPP loan amount received.
Based on their reported 22 jobs retained, this equals an estimated average yearly compensation of $58,102 per employee1.
Business Information - Gila Ridge Investment Company LLC in Yuma, AZ
3661 E 24 Street
Yuma, AZ 85366
Postharvest Crop Activities (except Cotton Ginning) (NAICS code 115114)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AZ-03
Similar Companies near Yuma
In the Yuma area, 4 businesses in the "Postharvest Crop Activities (except Cotton Ginning)" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 22) and received an average PPP loan of $914,750 (compared to this company's $266,300).
Similar Nearby Businesses Who Received PPP Funding:
Cool Fresh, LLC
Industry PPP Comparison Statistics
Nationwide, 759 businesses in the "Postharvest Crop Activities (except Cotton Ginning)" industry received a total of $229,232,348.00 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 31 employees, 41% higher than Gila Ridge Investment Company LLC's reported 22 employees, and received an average PPP loan of $302,019, 13% higher than this company's loan of $266,300.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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