PPP Loan Data — Heartland Catfish Company, Inc., Itta Bena, MS
Heartland Catfish Company, Inc. is a corporation located at 55001 Highway 82 West, in Itta Bena, Mississippi that received a Coronavirus-related PPP loan from the SBA of $2,750,000.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least 375 people during the applicable loan loan period.
$ PPP Loan Information
Heartland Catfish Company, Inc. received a Paycheck Protection Loan of $2.75M through REGIONS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Heartland Catfish Company, Inc.'s total 2019 payroll expenses were approximately $13.2M in order to qualify for the PPP loan amount received.
Based on their reported 375 jobs retained, this equals an estimated average yearly compensation of $35,200 per employee1.
Business Information - Heartland Catfish Company, Inc. in Itta Bena, MS
55001 Highway 82 West,
Itta Bena, MS 38941
Finfish Farming and Fish Hatcheries (NAICS code 112511)
Business Owner Demographics
Race / Ethnicity: WHITE
Veteran Status: UnreportedCongressional District: MS-02
Similar Companies near Itta Bena
In the Itta Bena area, 3 businesses in the "Finfish Farming and Fish Hatcheries" industry received a PPP loan. These local businesses reported an average of 135 employees (compared to this company's 375) and received an average PPP loan of $1,004,800 (compared to this company's $2.75M).
Similar Nearby Businesses Who Received PPP Funding:
Scott Fish Farm
Itta Bena, MS
America's Catch Catfish Farms, Inc
Itta Bena, MS
Industry PPP Comparison Statistics
Nationwide, 395 businesses in the "Finfish Farming and Fish Hatcheries" industry received a total of $32,297,949.00 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 9 employees, 98% lower than Heartland Catfish Company, Inc.'s reported 375 employees, and received an average PPP loan of $81,767, 97% lower than this company's loan of $2.75M.
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Footnotes & Information
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