PPP Loan Data — Hollandia Produce, LP, Carpinteria, CA
Hollandia Produce, LP is a partnership located at 1550 Santa Monica Rd in Carpinteria, California that received a Coronavirus-related PPP loan from the SBA of $1,627,055.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Montecito Bank & Trust
Hollandia Produce, LP in Carpinteria, CA received a Paycheck Protection Loan of $1.63M through Montecito Bank & Trust, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.
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, Hollandia Produce, LP's 2019 payroll expenses are estimated to be at least $7.81M.
Based on their reported 136 jobs retained, this equals an estimated average yearly compensation of $57,425 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hollandia Produce, LP reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,030,000
- Utilities: $180,000
- Rent: $48,000
- Health Care: $90,000
- Debt Interest: $279,055
Business Information - Hollandia Produce, LP in Carpinteria, CA
1550 Santa Monica Rd
Carpinteria, CA 93013
Other Vegetable (except Potato) and Melon Farming
NAICS code 111219
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Carpinteria
In the Carpinteria area, 4 businesses in the "Other Vegetable (except Potato) and Melon Farming" industry received a PPP loan. These local businesses reported an average of 61 employees (compared to this company's 136) and received an average PPP loan of $578,636 (compared to this company's $1.63M).
Similar Nearby Businesses Who Received PPP Funding:
Tutti Frutti Farms Inc
Mike Brucker Ranch Co
Industry PPP Comparison Statistics
Nationwide, 5,617 businesses in the "Other Vegetable (except Potato) and Melon Farming" industry received a total of $452.09M 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 13 employees, 90% lower than Hollandia Produce, LP's reported 136 employees, and received an average PPP loan of $80,486, 95% lower than this company's loan of $1.63M.
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Footnotes & Information
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