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PPP Loan Data — Matson Fruit Company, Selah, WA

SBA PPP loan data, payroll data, and salaries for Matson Fruit Company
WA

Matson Fruit Company

Entity: Corporation

Industry: Apple Orchards

Location: Selah, WA

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Matson Fruit Company is a corporation located at 201 N. Railroad Ave in Selah, Washington that received a Coronavirus-related PPP loan from the SBA of $3,500,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.5M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-12

Lender:

KEYBANK NATIONAL ASSOCIATION

Matson Fruit Company in Selah, WA received a Paycheck Protection Loan of $3.5M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Matson Fruit Company's total 2019 payroll expenses were approximately $16.8M in order to qualify for the PPP loan amount received.

Unlike most businesses, Matson Fruit Company's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Matson Fruit Company 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 - Matson Fruit Company in Selah, WA

Matson Fruit Company
201 N. Railroad Ave
Selah, WA 98942

Business Industry

Apple Orchards (NAICS code 111331)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WA-04

Similar Companies near Selah

In the Selah area, 12 businesses in the "Apple Orchards" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 0) and received an average PPP loan of $452,066 (compared to this company's $3.5M).

Industry PPP Comparison Statistics

Nationwide, 1,010 businesses in the "Apple Orchards" industry received a total of $108,163,279.00 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 19 employees, and received an average PPP loan of $107,092, 97% lower than this company's loan of $3.5M.

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, 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/matson-fruit-company-selah-wa