PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Highland Fruit Growers Inc, Yakima, WA

ALERT: There are 2 PPP loans for a total of $2.74M in our database for businesses with the name "Highland Fruit Growers Inc" in Yakima, WA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Highland Fruit Growers Inc
WA

Highland Fruit Growers Inc

Entity: Corporation

Industry: Apple Orchards

Location: Yakima, WA

Search All PPP Data

Highland Fruit Growers Inc is a corporation located at 8304 Wide Hollow Rd in Yakima, Washington that received a Coronavirus-related PPP loan from the SBA of $1,414,810.00 in February, 2021.

$ PPP Loan Information
Loan #1076538509

Loan Size:

$1.41M

Jobs Retained:

243

Loan Approved:

2021-02-18

Loan Status:

Ongoing Loan

Lender:

Heritage Bank

Highland Fruit Growers Inc in Yakima, WA received a Paycheck Protection Loan of $1.41M through Heritage Bank, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Highland Fruit Growers Inc's 2019 payroll expenses are estimated to be at least $6.79M.

Based on their reported 243 jobs retained, this equals an estimated average yearly compensation of $27,947 per employee1

Reported PPP Proceed Usage:

On the PPP application, Highland Fruit Growers Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,414,808

Business Information - Highland Fruit Growers Inc in Yakima, WA

Highland Fruit Growers Inc
8304 Wide Hollow Rd
Yakima, WA 98908

Business Industry:
Apple Orchards
NAICS code 111331

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Yakima County, WA — SBA Office 1094 — Congressional District: WA-04

Similar Companies near Yakima

In the Yakima area, 43 businesses in the "Apple Orchards" industry received a PPP loan. These local businesses reported an average of 60 employees (compared to this company's 243) and received an average PPP loan of $277,030 (compared to this company's $1.41M).

Industry PPP Comparison Statistics

Nationwide, 1,921 businesses in the "Apple Orchards" industry received a total of $184.07M 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 22 employees, 91% lower than Highland Fruit Growers Inc's reported 243 employees, and received an average PPP loan of $95,820, 93% lower than this company's loan of $1.41M.

SBA PPP loan data, payroll data, and salaries for Highland Fruit Growers Inc
WA

Highland Fruit Growers Inc

Entity: Corporation

Industry: Fresh Fruit and Vegetable Merchant Wholesalers

Location: Yakima, WA

Search All PPP Data

Highland Fruit Growers Inc is a corporation located at 8304 Wide Hollow Rd in Yakima, Washington that received a Coronavirus-related PPP loan from the SBA of $1,325,165.00 in April, 2020.

$ PPP Loan Information
Loan #4887507109

Loan Size:

$1.33M

Jobs Retained:

181

Loan Approved:

2020-04-13

Loan Status:

Ongoing Loan

Lender:

Heritage Bank

Highland Fruit Growers Inc in Yakima, WA received a Paycheck Protection Loan of $1.33M through Heritage Bank, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Highland Fruit Growers Inc's 2019 payroll expenses are estimated to be at least $6.36M.

Based on their reported 181 jobs retained, this equals an estimated average yearly compensation of $35,142 per employee1

Reported PPP Proceed Usage:

On the PPP application, Highland Fruit Growers Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,325,165

Business Information - Highland Fruit Growers Inc in Yakima, WA

Highland Fruit Growers Inc
8304 Wide Hollow Rd
Yakima, WA 98908

Business Industry:
Fresh Fruit and Vegetable Merchant Wholesalers
NAICS code 424480

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Yakima County, WA — SBA Office 1094 — Congressional District: WA-04

Similar Companies near Yakima

In the Yakima area, 6 businesses in the "Fresh Fruit and Vegetable Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 65 employees (compared to this company's 181) and received an average PPP loan of $555,033 (compared to this company's $1.33M).

Industry PPP Comparison Statistics

Nationwide, 4,225 businesses in the "Fresh Fruit and Vegetable Merchant Wholesalers" industry received a total of $800.94M 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 19 employees, 90% lower than Highland Fruit Growers Inc's reported 181 employees, and received an average PPP loan of $189,572, 86% lower than this company's loan of $1.33M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/highland-fruit-growers-inc-yakima-wa