PPP Loan Data — Market Hall Foods, Oakland, CA
Market Hall Foods
Location: Oakland, CATweet This • Search All PPP Data
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
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.
Business Information - Market Hall Foods in Oakland, CA
5655 College Ave Ste 201
Oakland, CA 94618
Other Grocery and Related Products Merchant Wholesalers (NAICS code 424490)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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:
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.
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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