PPP Loan Data — Grimmius Cattle Company Inc, Hanford, CA
Grimmius Cattle Company Inc is a subchapter s corporation located at 5715 Kansas Ave in Hanford, California that received a Coronavirus-related PPP loan from the SBA of $4,656,847.00 in April, 2020.
$ PPP Loan Information
Lender:GOLDEN STATE FARM CREDIT, ACA
Grimmius Cattle Company Inc in Hanford, CA received a Paycheck Protection Loan of $4.66M through GOLDEN STATE FARM CREDIT, ACA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Grimmius Cattle Company Inc's total 2019 payroll expenses were approximately $22.35M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $44,706 per employee1.
Business Information - Grimmius Cattle Company Inc in Hanford, CA
5715 Kansas Ave
Hanford, CA 93230
Beef Cattle Ranching and Farming (NAICS code 112111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-21
Similar Companies near Hanford
In the Hanford area, 4 businesses in the "Beef Cattle Ranching and Farming" industry received a PPP loan. These local businesses reported an average of 134 employees (compared to this company's 500) and received an average PPP loan of $1,238,144 (compared to this company's $4.66M).
Similar Nearby Businesses Who Received PPP Funding:
Christensen Fagundes Farms Inc
Flatland Farms LLC
3H Cattle Company
Industry PPP Comparison Statistics
Nationwide, 14,148 businesses in the "Beef Cattle Ranching and Farming" industry received a total of $326,239,874.00 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 3 employees, 99% lower than Grimmius Cattle Company Inc's reported 500 employees, and received an average PPP loan of $23,059, 100% lower than this company's loan of $4.66M.
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Footnotes & Information
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