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PPP Loan Data — Market Hall Foods, Oakland, CA

SBA PPP loan data, payroll data, and salaries for Market Hall Foods
CA

Market Hall Foods

Entity: Partnership

Industry: Other Grocery and Related Products Merchant Wholesalers

Location: Oakland, CA

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Market Hall Foods is a partnership located at 5655 College Ave Ste 201 in Oakland, California that received a Coronavirus-related PPP loan from the SBA of $2,782,172.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$2.78M

Jobs Retained:

500

Loan Approved:

2020-05-01

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Market Hall Foods received a Paycheck Protection Loan of $2.78M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Market Hall Foods' total 2019 payroll expenses were approximately $13.35M 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 $26,709 per employee1.

Because the loan received by Market Hall Foods 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 - Market Hall Foods in Oakland, CA

Market Hall Foods
5655 College Ave Ste 201
Oakland, CA 94618

Business Industry

Other Grocery and Related Products Merchant Wholesalers (NAICS code 424490)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-13

Similar Companies near Oakland

In the Oakland area, 2 businesses in the "Other Grocery and Related Products Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 256 employees (compared to this company's 500) and received an average PPP loan of $1,500,174 (compared to this company's $2.78M).

Similar Nearby Businesses Who Received PPP Funding:

Manicaretti Inc
Oakland, CA

$218,175 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 4,557 businesses in the "Other Grocery and Related Products Merchant Wholesalers" industry received a total of $667,706,204.00 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 14 employees, 97% lower than Market Hall Foods' reported 500 employees, and received an average PPP loan of $146,523, 95% lower than this company's loan of $2.78M.

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.

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/market-hall-foods-oakland-ca