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PPP Loan Data — J & D Produce, Inc.,
Edinburg, TX
J & D Produce, Inc.
Entity: Limited Liability Company (LLC)
Industry: Other Vegetable (except Potato) and Melon Farming
Location: Edinburg, TX
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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:
Jobs Retained:
449Loan Approved:
2020-04-10Lender:
ZIONS BANK, A DIVISION OFJ & 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.
Business Information - J & D Produce, Inc. in Edinburg, TX
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-15Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
Nowell Borders LP
Edinburg, TX
Green Gold Farms Inc
Edinburg, TX
Texas Melon Exchange, Inc.
Edinburg, TX
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.
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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