PPP Loan Data — Golden Sand Orchards Inc, Manteca, CA
Golden Sand Orchards Inc is a subchapter s corporation located at 12109 E Louse Ave in Manteca, California that received a Coronavirus-related PPP loan from the SBA of $45,900.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of Stockton
Golden Sand Orchards Inc in Manteca, CA received a Paycheck Protection Loan of $45,900 through Bank of Stockton, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Golden Sand Orchards Inc's 2019 payroll expenses are estimated to be at least $220,320.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,720 per employee1
Reported PPP Proceed Usage:
On the PPP application, Golden Sand Orchards Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $36,764
- Utilities: $9,136
Business Information - Golden Sand Orchards Inc in Manteca, CA
12109 E Louse Ave
Manteca, CA 95336
Tree Nut Farming
NAICS code 111335
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Manteca
In the Manteca area, 16 businesses in the "Tree Nut Farming" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 6) and received an average PPP loan of $93,606 (compared to this company's $45,900).
Similar Nearby Businesses Who Received PPP Funding:
Kamper Orchards Inc
John Sephos DBA Sephos Ranch
River Oak Orchards
Joseph L Pimentel Jr DBA Pimentel Farms
Joseph L Pimentel Jr
Holfman & Son Inc
Industry PPP Comparison Statistics
Nationwide, 2,434 businesses in the "Tree Nut Farming" industry received a total of $181.43M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 9 employees, 50% higher than Golden Sand Orchards Inc's reported 6 employees, and received an average PPP loan of $74,541, 62% higher than this company's loan of $45,900.
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Footnotes & Information
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