PPP Loan Data — Jerry Nagatani Farms Family Limited, Delano, CA
Jerry Nagatani Farms Family Limited is a partnership located at 3251 Road 152 in Delano, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Jerry Nagatani Farms Family Limited in Delano, CA received a Paycheck Protection Loan of $25,000 through JPMorgan Chase Bank, National Association, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Jerry Nagatani Farms Family Limited's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 30 jobs retained, this equals an estimated average yearly compensation of $4,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jerry Nagatani Farms Family Limited reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,750
- Utilities: $4,650
- Health Care: $1,600
Business Information - Jerry Nagatani Farms Family Limited in Delano, CA
3251 Road 152
Delano, CA 93215
All Other Miscellaneous Crop Farming
NAICS code 111998
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Delano
In the Delano area, 19 businesses in the "All Other Miscellaneous Crop Farming" industry received a PPP loan. These local businesses reported an average of 150 employees (compared to this company's 30) and received an average PPP loan of $664,462 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Twiford Farms, Inc
Espinoza Farm Labor Contractor
Adam Martinez Flc
Double V Farm Labor Contracting, Inc
Supreme Valley AG Inc
Elite AG Labor Services Inc
Munger Bros., LLC
Kern AG Labor Management Inc
Sarbanand Farms, LLC
Industry PPP Comparison Statistics
Nationwide, 27,661 businesses in the "All Other Miscellaneous Crop Farming" industry received a total of $1.14B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 6 employees, 80% lower than Jerry Nagatani Farms Family Limited's reported 30 employees, and received an average PPP loan of $41,062, 64% higher than this company's loan of $25,000.
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