PPP Loan Data — Grapeman Labor, Inc, Visalia, CA
Grapeman Labor, Inc is a corporation located at 8140 W. Mineral King Ave. in Visalia, California that received a Coronavirus-related PPP loan from the SBA of $2,828,900.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:MUFG Union Bank, National Association
Grapeman Labor, Inc in Visalia, CA received a Paycheck Protection Loan of $2.83M through MUFG Union Bank, National Association, which was approved in April, 2020.
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, Grapeman Labor, Inc's 2019 payroll expenses are estimated to be at least $13.58M.
Based on their reported 450 jobs retained, this equals an estimated average yearly compensation of $30,175 per employee1
Reported PPP Proceed Usage:
On the PPP application, Grapeman Labor, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,828,900
Business Information - Grapeman Labor, Inc in Visalia, CA
8140 W. Mineral King Ave.
Visalia, CA 93291
Farm Labor Contractors and Crew Leaders
NAICS code 115115
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Visalia
In the Visalia area, 17 businesses in the "Farm Labor Contractors and Crew Leaders" industry received a PPP loan. These local businesses reported an average of 140 employees (compared to this company's 450) and received an average PPP loan of $495,269 (compared to this company's $2.83M).
Similar Nearby Businesses Who Received PPP Funding:
Latino Farm Labor Service
Alila Farm Labor LLC
Gonzalez Farm Labor
Inseason A Innovations LLC
P & E AG Labor Solutions
Timothy R Lawson
Blessed Harvesting, Inc
ATM AG Consulting
Industry PPP Comparison Statistics
Nationwide, 3,959 businesses in the "Farm Labor Contractors and Crew Leaders" industry received a total of $455.54M 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 26 employees, 94% lower than Grapeman Labor, Inc's reported 450 employees, and received an average PPP loan of $115,064, 96% lower than this company's loan of $2.83M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!