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PPP Loan Data — Matson Fruit Company,
Selah, 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:
Jobs Retained:
0 UnreportedLoan Approved:
2020-04-12Lender:
KEYBANK NATIONAL ASSOCIATIONMatson 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.
Business Information - Matson Fruit Company in Selah, WA
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-04Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
Michael Wilcox
Selah, WA
LL Lancaster Co.
Selah, WA
LFZ Orchard Operations, Inc.
Selah, WA
T&L Huck Orchards
Selah, WA
Thome Orchards LLC
Selah, WA
Upper Valley Farms, LLC
Selah, WA
Eric & Sue Olsen LLC
Selah, WA
Collins Family Orchards LLC
Selah, WA
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.
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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