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PPP Loan Data — International Gourmet Foods, Inc., Springfield, VA

SBA PPP loan data, payroll data, and salaries for International Gourmet Foods, Inc.
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:

$2.59M

Jobs Retained:

235

Loan Approved:

2020-04-30

Lender:

UNITED BANK

International 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.

Because the loan received by International Gourmet Foods, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - International Gourmet Foods, Inc. in Springfield, VA

International Gourmet Foods, Inc.
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-08

Similar 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

$17,174 PPP Loan

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/international-gourmet-foods-inc-springfield-va