PPP Loan Data — Headstart Nursery, Inc, Gilroy, CA
Headstart Nursery, Inc
Entity: Subchapter S Corporation
Location: Gilroy, CATweet This • Search All PPP Data
Headstart Nursery, Inc is a subchapter s corporation located at 4860 Monterey Road in Gilroy, California that received a Coronavirus-related PPP loan from the SBA of $2,173,865.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Headstart Nursery, Inc in Gilroy, CA received a Paycheck Protection Loan of $2.17M through Pinnacle Bank, 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, Headstart Nursery, Inc's 2019 payroll expenses are estimated to be at least $10.43M.
Based on their reported 260 jobs retained, this equals an estimated average yearly compensation of $40,133 per employee1
Reported PPP Proceed Usage:
On the PPP application, Headstart Nursery, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,173,865
Business Information - Headstart Nursery, Inc in Gilroy, CA
4860 Monterey Road
Gilroy, CA 95020
Postharvest Crop Activities (except Cotton Ginning)
NAICS code 115114
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Gilroy
In the Gilroy area, 2 businesses in the "Postharvest Crop Activities (except Cotton Ginning)" industry received a PPP loan. These local businesses reported an average of 245 employees (compared to this company's 260) and received an average PPP loan of $1,698,993 (compared to this company's $2.17M).
Similar Nearby Businesses Who Received PPP Funding:
Genflora Processing LLC
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, 89% lower than Headstart Nursery, Inc's reported 260 employees, and received an average PPP loan of $224,649, 90% lower than this company's loan of $2.17M.
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Footnotes & Information
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