PPP Loan Data — La Huerta Produce, Oxnard, CA
La Huerta Produce is a sole proprietorship located at 2826 Vineyard Ave in Oxnard, California that received a Coronavirus-related PPP loan from the SBA of $24,888.00 in June, 2020.
The company has reported itself as a White male owned business, and employed at least thirteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
La Huerta Produce in Oxnard, CA received a Paycheck Protection Loan of $24,888 through Wells Fargo Bank, National Association, which was approved in June, 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, La Huerta Produce's 2019 payroll expenses are estimated to be at least $119,462.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $9,189 per employee1
Reported PPP Proceed Usage:
On the PPP application, La Huerta Produce reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,888
Business Information - La Huerta Produce in Oxnard, CA
2826 Vineyard Ave
Oxnard, CA 93036
NAICS code 722511
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Oxnard
In the Oxnard area, 52 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 13) and received an average PPP loan of $125,000 (compared to this company's $24,888).
Similar Nearby Businesses Who Received PPP Funding:
Aloha Bros Inc
P T I Love Pho
Mediterranean Cafe, Inc
Dorado Silva Enterprise Inc
Fishlovers Management LLC
Anaba Sushi Inc
GEN Restaurant Group LLC
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 69% higher than La Huerta Produce's reported 13 employees, and received an average PPP loan of $129,504, 420% higher than this company's loan of $24,888.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!