PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — J & D Produce, Inc., Edinburg, TX

SBA PPP loan data, payroll data, and salaries for J & D Produce, Inc.
TX

J & D Produce, Inc.

Entity: Limited Liability Company (LLC)

Industry: Other Vegetable (except Potato) and Melon Farming

Location: Edinburg, TX

Search All PPP Data

J & D Produce, Inc. is a limited liability company (LLC) located at 7310 N. Expressway 281 in Edinburg, Texas that received a Coronavirus-related PPP loan from the SBA of $3,006,400.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 449 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.01M

Jobs Retained:

449

Loan Approved:

2020-04-10

Lender:

ZIONS BANK, A DIVISION OF

J & D Produce, Inc. received a Paycheck Protection Loan of $3.01M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, J & D Produce, Inc.'s total 2019 payroll expenses were approximately $14.43M in order to qualify for the PPP loan amount received.

Based on their reported 449 jobs retained, this equals an estimated average yearly compensation of $32,140 per employee1.

Because the loan received by J & D Produce, 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 - J & D Produce, Inc. in Edinburg, TX

J & D Produce, Inc.
7310 N. Expressway 281
Edinburg, TX 78542

Business Industry

Other Vegetable (except Potato) and Melon Farming (NAICS code 111219)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: TX-15

Similar Companies near Edinburg

In the Edinburg area, 4 businesses in the "Other Vegetable (except Potato) and Melon Farming" industry received a PPP loan. These local businesses reported an average of 147 employees (compared to this company's 449) and received an average PPP loan of $836,943 (compared to this company's $3.01M).

Industry PPP Comparison Statistics

Nationwide, 2,280 businesses in the "Other Vegetable (except Potato) and Melon Farming" industry received a total of $313,843,829.00 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, 96% lower than J & D Produce, Inc.'s reported 449 employees, and received an average PPP loan of $137,651, 95% lower than this company's loan of $3.01M.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/j-and-d-produce-inc-edinburg-tx