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PPP Loan Data — Lassen Canyon Nursery, Inc.,
Redding, 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:
Jobs Retained:
224Loan Approved:
2020-04-15Lender:
MUFG UNION BANK, NATIONAL ASSOCIATIONLassen 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.
Business Information - Lassen Canyon Nursery, Inc. in Redding, CA
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-01Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
Wyntour Gardens
Redding, CA
Flower Express/Sassy Plants
Redding, CA
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.
Lassen Canyon Nursery, Inc.
Entity: Corporation
Industry: Nursery and Tree Production
Location: Redding, CA
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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:
Jobs Retained:
224Loan Approved:
2020-04-27Lender:
MUFG UNION BANK, NATIONAL ASSOCIATIONLassen 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.
Business Information - Lassen Canyon Nursery, Inc. in Redding, CA
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-01Industry 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.
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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