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PPP Loan Data — MAR Vista Berry II LLC,
Santa Maria, CA
MAR Vista Berry II LLC
Entity: Limited Liability Company (LLC)
Industry: Strawberry Farming
Location: Santa Maria, CA
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MAR Vista Berry II LLC is a limited liability company (LLC) located at 2240 A St in Santa Maria, California that received a Coronavirus-related PPP loan from the SBA of $4,821,940.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.
$
PPP Loan Information
Loan #4094637102
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-12Loan Status:
Ongoing LoanLender:
Loan Source IncorporatedMAR Vista Berry II LLC in Santa Maria, CA received a Paycheck Protection Loan of $4.82M through Loan Source Incorporated, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, MAR Vista Berry II LLC's 2019 payroll expenses are estimated to be at least $23.15M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $46,291 per employee1
Reported PPP Proceed Usage:
On the PPP application, MAR Vista Berry II LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,570,040
- Rent: $1,251,900
Business Information - MAR Vista Berry II LLC in Santa Maria, CA
2240 A St
Santa Maria, CA 93455
Business Industry:
Strawberry Farming
NAICS code 111333
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as MAR Vista Berry II LLC.
Red Dog Management Inc
Farm Management Services
Similar Companies near Santa Maria
In the Santa Maria area, 25 businesses in the "Strawberry Farming" industry received a PPP loan. These local businesses reported an average of 114 employees (compared to this company's 500) and received an average PPP loan of $779,535 (compared to this company's $4.82M).
Similar Nearby Businesses Who Received PPP Funding:
MAC AG
Santa Maria, CA
La Fuente Farming Inc
Santa Maria, CA
L & G Farming
Santa Maria, CA
Sierra Del Tigre Farms
Santa Maria, CA
Golden State Farms
Santa Maria, CA
Corona Family Farms, Inc
Santa Maria, CA
J&G Berry Farms LLC
Santa Maria, CA
Cardenas Bros. Farming Inc
Santa Maria, CA
Industry PPP Comparison Statistics
Nationwide, 433 businesses in the "Strawberry Farming" industry received a total of $99.73M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 43 employees, 91% lower than MAR Vista Berry II LLC's reported 500 employees, and received an average PPP loan of $230,316, 95% lower than this company's loan of $4.82M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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