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PPP Loan Data — International Gourmet Foods, Inc.,
Springfield, VA
International Gourmet Foods, Inc.
Entity: Corporation
Industry: Poultry and Poultry Product Merchant Wholesalers
Location: Springfield, VA
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International Gourmet Foods, Inc. is a corporation located at 7520 Fullerton Road in Springfield, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,593,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 235 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
235Loan Approved:
2020-04-30Lender:
UNITED BANKInternational Gourmet Foods, Inc. received a Paycheck Protection Loan of $2.59M through UNITED BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, International Gourmet Foods, Inc.'s total 2019 payroll expenses were approximately $12.45M in order to qualify for the PPP loan amount received.
Based on their reported 235 jobs retained, this equals an estimated average yearly compensation of $52,963 per employee1.
Business Information - International Gourmet Foods, Inc. in Springfield, VA
7520 Fullerton Road
Springfield, VA 22153
Business Industry
Poultry and Poultry Product Merchant Wholesalers (NAICS code 424440)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: VA-08Similar Companies near Springfield
In the Springfield area, 2 businesses in the "Poultry and Poultry Product Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 119 employees (compared to this company's 235) and received an average PPP loan of $1,305,087 (compared to this company's $2.59M).
Similar Nearby Businesses Who Received PPP Funding:
New On Hsing Corporation
Springfield, VA
Industry PPP Comparison Statistics
Nationwide, 327 businesses in the "Poultry and Poultry Product Merchant Wholesalers" industry received a total of $67,589,539.00 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 18 employees, 92% lower than International Gourmet Foods, Inc.'s reported 235 employees, and received an average PPP loan of $206,696, 92% lower than this company's loan of $2.59M.
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.
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.
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