PPP Loan Data — Holmes Foods, Inc, Nixon, TX
Holmes Foods, Inc is a corporation located at 101 South Liberty Ave in Nixon, Texas that received a Coronavirus-related PPP loan from the SBA of $3,896,100.00 in April, 2020.
$ PPP Loan Information
Lender:SAGE CAPITAL BANK
Holmes Foods, Inc in Nixon, TX received a Paycheck Protection Loan of $3.9M through SAGE CAPITAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Holmes Foods, Inc's total 2019 payroll expenses were approximately $18.7M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $74,805 per employee1.
Business Information - Holmes Foods, Inc in Nixon, TX
101 South Liberty Ave
Nixon, TX 78140
Poultry Processing (NAICS code 311615)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-34
Industry PPP Comparison Statistics
Nationwide, 213 businesses in the "Poultry Processing" industry received a total of $148,516,793.00 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 68 employees, 73% lower than Holmes Foods, Inc's reported 250 employees, and received an average PPP loan of $697,262, 82% lower than this company's loan of $3.9M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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.
Have FederalPay.org's open data tools been valuable? Consider donating!