PPP Loan Data — Greenvillage Farms LLC, Shippensburg, PA
Greenvillage Farms LLC is a limited liability company (LLC) located at 64 Musser Rd in Shippensburg, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $46,067.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Greenvillage Farms LLC in Shippensburg, PA received a Paycheck Protection Loan of $46,067 through AgChoice ACA, 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 June, 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, Greenvillage Farms LLC's 2019 payroll expenses are estimated to be at least $221,122.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,854 per employee1
Reported PPP Proceed Usage:
On the PPP application, Greenvillage Farms LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $16,008
- Utilities: $536
- Rent: $29,523
Business Information - Greenvillage Farms LLC in Shippensburg, PA
64 Musser Rd
Shippensburg, PA 17257
Dairy Cattle and Milk Production
NAICS code 112120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Shippensburg
In the Shippensburg area, 15 businesses in the "Dairy Cattle and Milk Production" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 6) and received an average PPP loan of $38,345 (compared to this company's $46,067).
Similar Nearby Businesses Who Received PPP Funding:
Fulton Farms Inc
Hershey Brothers Farm LLC
Brandt Farms, LLC
David C Hershberger
Gro-Lan Farms LLC
Industry PPP Comparison Statistics
Nationwide, 24,315 businesses in the "Dairy Cattle and Milk Production" industry received a total of $1.23B 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 6 employees, the same amount reported by Greenvillage Farms LLC and received an average PPP loan of $50,558, 10% higher than this company's loan of $46,067.
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Footnotes & Information
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