PPP Loan Data — Loffredo Gardens, Inc., Des Moines, IA
Loffredo Gardens, Inc. is a corporation located at 4001 Sw 63rd Street in Des Moines, Iowa that received a Coronavirus-related PPP loan from the SBA of $4,809,613.00 in April, 2020.
$ PPP Loan Information
Loffredo Gardens, Inc. received a Paycheck Protection Loan of $4.81M through WEST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Loffredo Gardens, Inc.'s total 2019 payroll expenses were approximately $23.09M in order to qualify for the PPP loan amount received.
Based on their reported 469 jobs retained, this equals an estimated average yearly compensation of $49,224 per employee1.
Business Information - Loffredo Gardens, Inc. in Des Moines, IA
4001 Sw 63rd Street
Des Moines, IA 50321
Perishable Prepared Food Manufacturing (NAICS code 311991)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IA-03
Industry PPP Comparison Statistics
Nationwide, 917 businesses in the "Perishable Prepared Food Manufacturing" industry received a total of $218,265,244.00 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 22 employees, 95% lower than Loffredo Gardens, Inc.'s reported 469 employees, and received an average PPP loan of $238,021, 95% lower than this company's loan of $4.81M.
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Footnotes & Information
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