PPP Loan Data — Hydrofarm, LLC, Petaluma, CA
Hydrofarm, LLC is a sole proprietorship located at 2249 South Mcdowell Ext in Petaluma, California that received a Coronavirus-related PPP loan from the SBA of $3,273,627.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Hydrofarm, LLC received a Paycheck Protection Loan of $3.27M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Hydrofarm, LLC's total 2019 payroll expenses were approximately $15.71M in order to qualify for the PPP loan amount received.
Based on their reported 226 jobs retained, this equals an estimated average yearly compensation of $69,528 per employee1.
Business Information - Hydrofarm, LLC in Petaluma, CA
2249 South Mcdowell Ext
Petaluma, CA 94954
Farm Supplies Merchant Wholesalers (NAICS code 424910)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-02
Industry PPP Comparison Statistics
Nationwide, 3,012 businesses in the "Farm Supplies Merchant Wholesalers" industry received a total of $498,453,282.00 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 14 employees, 94% lower than Hydrofarm, LLC's reported 226 employees, and received an average PPP loan of $165,489, 95% lower than this company's loan of $3.27M.
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Footnotes & Information
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