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PPP Loan Data — Liberty Fruit Co., Inc.,
Kansas City, 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:
Jobs Retained:
250Loan Approved:
2020-04-05Lender:
COMMUNITY FIRST BANKLiberty 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.
Business Information - Liberty Fruit Co., Inc. in Kansas City, KS
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-03Similar 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
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.
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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