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

PPP Loan Data — Lassen Canyon Nursery, Inc., Redding, CA

ALERT: There are a total of 2 PPP loans in our database for businesses with the name "Lassen Canyon Nursery, Inc." in Redding, CA. Reasoning for multiple loans may include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. See the list of loans under this name and additional details below.

SBA PPP loan data, payroll data, and salaries for Lassen Canyon Nursery, Inc.
CA

Lassen Canyon Nursery, Inc.

Entity: Corporation

Industry: Nursery, Garden Center, and Farm Supply Stores

Location: Redding, CA

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Lassen Canyon Nursery, Inc. is a corporation located at 1300 Salmon Creek Rd in Redding, California that received a Coronavirus-related PPP loan from the SBA of $3,011,638.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.01M

Jobs Retained:

224

Loan Approved:

2020-04-15

Lender:

MUFG UNION BANK, NATIONAL ASSOCIATION

Lassen Canyon Nursery, Inc. in Redding, CA received a Paycheck Protection Loan of $3.01M through MUFG UNION BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Lassen Canyon Nursery, Inc.'s total 2019 payroll expenses were approximately $14.46M in order to qualify for the PPP loan amount received.

Based on their reported 224 jobs retained, this equals an estimated average yearly compensation of $64,535 per employee1.

Because the loan received by Lassen Canyon Nursery, 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 - Lassen Canyon Nursery, Inc. in Redding, CA

Lassen Canyon Nursery, Inc.
1300 Salmon Creek Rd
Redding, CA 96003

Business Industry

Nursery, Garden Center, and Farm Supply Stores (NAICS code 444220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-01

Similar Companies near Redding

In the Redding area, 3 businesses in the "Nursery, Garden Center, and Farm Supply Stores" industry received a PPP loan. These local businesses reported an average of 76 employees (compared to this company's 224) and received an average PPP loan of $1,046,951 (compared to this company's $3.01M).

Industry PPP Comparison Statistics

Nationwide, 5,426 businesses in the "Nursery, Garden Center, and Farm Supply Stores" industry received a total of $604,698,392.00 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 14 employees, 94% lower than Lassen Canyon Nursery, Inc.'s reported 224 employees, and received an average PPP loan of $111,445, 96% lower than this company's loan of $3.01M.

SBA PPP loan data, payroll data, and salaries for Lassen Canyon Nursery, Inc.
CA

Lassen Canyon Nursery, Inc.

Entity: Corporation

Industry: Nursery and Tree Production

Location: Redding, CA

Search All PPP Data

Lassen Canyon Nursery, Inc. is a corporation located at 1300 Salmon Creek Road Redding, Ca 96003 in Redding, California that received a Coronavirus-related PPP loan from the SBA of $3,011,638.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.01M

Jobs Retained:

224

Loan Approved:

2020-04-27

Lender:

MUFG UNION BANK, NATIONAL ASSOCIATION

Lassen Canyon Nursery, Inc. in Redding, CA received a Paycheck Protection Loan of $3.01M through MUFG UNION BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Lassen Canyon Nursery, Inc.'s total 2019 payroll expenses were approximately $14.46M in order to qualify for the PPP loan amount received.

Based on their reported 224 jobs retained, this equals an estimated average yearly compensation of $64,535 per employee1.

Because the loan received by Lassen Canyon Nursery, 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 - Lassen Canyon Nursery, Inc. in Redding, CA

Lassen Canyon Nursery, Inc.
1300 Salmon Creek Road Redding, Ca 96003
Redding, CA 96099

Business Industry

Nursery and Tree Production (NAICS code 111421)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-01

Industry PPP Comparison Statistics

Nationwide, 3,010 businesses in the "Nursery and Tree Production" industry received a total of $426,483,038.00 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 Lassen Canyon Nursery, Inc.'s reported 224 employees, and received an average PPP loan of $141,689, 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, 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/lassen-canyon-nursery-inc-redding-ca