PPP Loan Data — Golden Valley Apiaries Inc, Madera, CA
Golden Valley Apiaries Inc is a subchapter s corporation located at 25597 Avenue 20 1/2 in Madera, California that received a Coronavirus-related PPP loan from the SBA of $25,208.00 in June, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Golden Valley Apiaries Inc in Madera, CA received a Paycheck Protection Loan of $25,208 through Westamerica Bank, which was approved in June, 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 April, 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 Valley Apiaries Inc's 2019 payroll expenses are estimated to be at least $120,998.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,250 per employee1
Reported PPP Proceed Usage:
On the PPP application, Golden Valley Apiaries Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,208
Business Information - Golden Valley Apiaries Inc in Madera, CA
25597 Avenue 20 1/2
Madera, CA 93638
All Other Miscellaneous Food Manufacturing
NAICS code 311999
Business Owner Demographics
Ethnicity: Hispanic or Latino
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Madera
In the Madera area, 3 businesses in the "All Other Miscellaneous Food Manufacturing" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 4) and received an average PPP loan of $104,738 (compared to this company's $25,208).
Similar Nearby Businesses Who Received PPP Funding:
California Custom Processing LLC
Industry PPP Comparison Statistics
Nationwide, 4,790 businesses in the "All Other Miscellaneous Food Manufacturing" industry received a total of $554.13M 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 13 employees, 225% higher than Golden Valley Apiaries Inc's reported 4 employees, and received an average PPP loan of $115,685, 359% higher than this company's loan of $25,208.
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Footnotes & Information
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