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PPP Loan Data — Liberty Fruit Co., Inc., Kansas City, KS

SBA PPP loan data, payroll data, and salaries for Liberty Fruit Co., Inc.
KS

Liberty Fruit Co., Inc.

Entity: Corporation

Industry: Fresh Fruit and Vegetable Merchant Wholesalers

Location: Kansas City, KS

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Liberty Fruit Co., Inc. is a corporation located at 1247 Argentine Blvd in Kansas City, Kansas that received a Coronavirus-related PPP loan from the SBA of $2,812,331.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 250 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.81M

Jobs Retained:

250

Loan Approved:

2020-04-05

Lender:

COMMUNITY FIRST BANK

Liberty Fruit Co., Inc. in Kansas City, KS received a Paycheck Protection Loan of $2.81M through COMMUNITY FIRST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Liberty Fruit Co., Inc.'s total 2019 payroll expenses were approximately $13.5M in order to qualify for the PPP loan amount received.

Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $53,997 per employee1.

Because the loan received by Liberty Fruit Co., 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 - Liberty Fruit Co., Inc. in Kansas City, KS

Liberty Fruit Co., Inc.
1247 Argentine Blvd
Kansas City, KS 66105

Business Industry

Fresh Fruit and Vegetable Merchant Wholesalers (NAICS code 424480)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: KS-03

Similar Companies near Kansas City

In the Kansas City area, 2 businesses in the "Fresh Fruit and Vegetable Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 129 employees (compared to this company's 250) and received an average PPP loan of $1,445,966 (compared to this company's $2.81M).

Similar Nearby Businesses Who Received PPP Funding:

TX Valley Produce & Meat Distribution Inc
Kansas City, KS

$79,600 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,174 businesses in the "Fresh Fruit and Vegetable Merchant Wholesalers" industry received a total of $605,605,165.00 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 24 employees, 90% lower than Liberty Fruit Co., Inc.'s reported 250 employees, and received an average PPP loan of $278,567, 90% lower than this company's loan of $2.81M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/liberty-fruit-co-inc-kansas-city-ks