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PPP Loan Data — MAR Vista Berry II LLC, Santa Maria, CA

SBA PPP loan data, payroll data, and salaries for MAR Vista Berry II LLC
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 owned business, and employed at least 500 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.82M

Jobs Retained:

500

Loan Approved:

2020-04-12

Lender:

PACIFIC PREMIER BANK

MAR Vista Berry II LLC received a Paycheck Protection Loan of $4.82M through PACIFIC PREMIER BANK, which was approved in April, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, MAR Vista Berry II LLC's total 2019 payroll expenses were approximately $23.15M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $46,291 per employee1.

Because the loan received by MAR Vista Berry II LLC 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 - MAR Vista Berry II LLC in Santa Maria, CA

MAR Vista Berry II LLC
2240 A St
Santa Maria, CA 93455

Business Industry

Strawberry Farming (NAICS code 111333)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-24

Similar Companies near Santa Maria

In the Santa Maria area, 14 businesses in the "Strawberry Farming" industry received a PPP loan. These local businesses reported an average of 122 employees (compared to this company's 500) and received an average PPP loan of $1,243,590 (compared to this company's $4.82M).

Industry PPP Comparison Statistics

Nationwide, 218 businesses in the "Strawberry Farming" industry received a total of $76,138,258.00 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 53 employees, 89% lower than MAR Vista Berry II LLC's reported 500 employees, and received an average PPP loan of $349,258, 93% 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.

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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/mar-vista-berry-ii-llc-santa-maria-ca