PPP Loan Data — Grower Direct Nut Company Inc, Hughson, CA
Grower Direct Nut Company Inc
Location: Hughson, CATweet This • Search All PPP Data
Grower Direct Nut Company Inc is a corporation located at 2288 Geer Rd in Hughson, California that received a Coronavirus-related PPP loan from the SBA of $2,242,688.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 309 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Grower Direct Nut Company Inc in Hughson, CA received a Paycheck Protection Loan of $2.24M through Bank of America, 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, Grower Direct Nut Company Inc's 2019 payroll expenses are estimated to be at least $10.76M.
Based on their reported 309 jobs retained, this equals an estimated average yearly compensation of $34,838 per employee1
Reported PPP Proceed Usage:
On the PPP application, Grower Direct Nut Company Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,242,688
Business Information - Grower Direct Nut Company Inc in Hughson, CA
2288 Geer Rd
Hughson, CA 95326
Postharvest Crop Activities (except Cotton Ginning)
NAICS code 115114
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Hughson
In the Hughson area, 6 businesses in the "Postharvest Crop Activities (except Cotton Ginning)" industry received a PPP loan. These local businesses reported an average of 124 employees (compared to this company's 309) and received an average PPP loan of $814,329 (compared to this company's $2.24M).
Similar Nearby Businesses Who Received PPP Funding:
Hudelson Nut Company, LLC
Mid Valley Nut Co., Inc
John J Casazza
Alpine Pacific Nut Co., Inc
Industry PPP Comparison Statistics
Nationwide, 1,324 businesses in the "Postharvest Crop Activities (except Cotton Ginning)" industry received a total of $297.43M 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 29 employees, 91% lower than Grower Direct Nut Company Inc's reported 309 employees, and received an average PPP loan of $224,649, 90% lower than this company's loan of $2.24M.
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