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PPP Loan Data — Medelez Incorporated,
Hermiston, OR
Medelez Incorporated
Entity: Subchapter S Corporation
Industry: General Freight Trucking, Long-Distance, Truckload
Location: Hermiston, OR
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Medelez Incorporated is a subchapter s corporation located at 30522 Oldfield St in Hermiston, Oregon that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in April, 2021.
The company has reported itself as a White male owned business, and employed at least 233 people during the applicable loan loan period.
$
PPP Loan Information
Loan #5600198705
Loan Size:
Jobs Retained:
233Loan Approved:
2021-04-02Loan Status:
Paid in Full or ForgivenLender:
KeyBank National AssociationMedelez Incorporated in Hermiston, OR received a Paycheck Protection Loan of $2M through KeyBank National Association, which was approved in April, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2022.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Medelez Incorporated's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 233 jobs retained, this equals an estimated average yearly compensation of $41,202 per employee1
Reported PPP Proceed Usage:
On the PPP application, Medelez Incorporated reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,998
- Utilities: $1
Business Information - Medelez Incorporated in Hermiston, OR
30522 Oldfield St
Hermiston, OR 97838
Business Industry:
General Freight Trucking, Long-Distance, Truckload
NAICS code 484121
Business Owner Demographics
Race: White
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There are 4 other businesses that received a PPP loan registered to the same address as Medelez Incorporated.
Broken Spur Ranch LLC
Beef Cattle Ranching and Farming
BJK Truck Parts, LLC
Automotive Parts and Accessories Stores
Triple M Truck & Equipment LLC
New Car Dealers
Medelez Custom Harvesting, LLC
General Freight Trucking, Local
Similar Companies near Hermiston
In the Hermiston area, 11 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 233) and received an average PPP loan of $209,184 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Barreto Transportation LLC
Hermiston, OR
Howard Leon Patrick
Hermiston, OR
MPC Express LLC
Hermiston, OR
RAD Transport LLC
Hermiston, OR
Freedom Transport LLC
Hermiston, OR
Michael Ramirez
Hermiston, OR
Juan Lopez
Hermiston, OR
3 Generations Transport LLC
Hermiston, OR
Industry PPP Comparison Statistics
Nationwide, 112,730 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $4.56B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 4 employees, 98% lower than Medelez Incorporated's reported 233 employees, and received an average PPP loan of $40,463, 98% lower than this company's loan of $2M.
Medelez Incorporated
Entity: Subchapter S Corporation
Industry: General Freight Trucking, Local
Location: Hermiston, OR
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Search All PPP Data
Medelez Incorporated is a subchapter s corporation located at 30522 Oldfield St in Hermiston, Oregon that received a Coronavirus-related PPP loan from the SBA of $3,080,500.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 230 people during the applicable loan loan period.
$
PPP Loan Information
Loan #3513387100
Loan Size:
Jobs Retained:
230Loan Approved:
2020-04-11Loan Status:
Paid in Full or ForgivenLender:
KeyBank National AssociationMedelez Incorporated in Hermiston, OR received a Paycheck Protection Loan of $3.08M through KeyBank National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in September, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Medelez Incorporated's 2019 payroll expenses are estimated to be at least $14.79M.
Based on their reported 230 jobs retained, this equals an estimated average yearly compensation of $64,289 per employee1
Reported PPP Proceed Usage:
On the PPP application, Medelez Incorporated reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,080,500
Business Information - Medelez Incorporated in Hermiston, OR
30522 Oldfield St
Hermiston, OR 97838
Business Industry:
General Freight Trucking, Local
NAICS code 484110
Business Owner Demographics
Race: White
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age:
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There are 4 other businesses that received a PPP loan registered to the same address as Medelez Incorporated.
Broken Spur Ranch LLC
Beef Cattle Ranching and Farming
BJK Truck Parts, LLC
Automotive Parts and Accessories Stores
Triple M Truck & Equipment LLC
New Car Dealers
Medelez Custom Harvesting, LLC
General Freight Trucking, Local
Similar Companies near Hermiston
In the Hermiston area, 17 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 230) and received an average PPP loan of $268,117 (compared to this company's $3.08M).
Similar Nearby Businesses Who Received PPP Funding:
AVD Transport LLC
Hermiston, OR
JD Gonzalez Trucking LLC
Hermiston, OR
Raul Gutierrez
Hermiston, OR
Platinum Transportation LLC
Hermiston, OR
JD & Sons Transportation Services LLC
Hermiston, OR
Kemmsa AG Transport LLC
Hermiston, OR
Rogelio Chavez
Hermiston, OR
Willhaul Transport LLC
Hermiston, OR
Industry PPP Comparison Statistics
Nationwide, 172,277 businesses in the "General Freight Trucking, Local" industry received a total of $6.51B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 98% lower than Medelez Incorporated's reported 230 employees, and received an average PPP loan of $37,800, 99% lower than this company's loan of $3.08M.
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.
Footnotes & Information
1. Estimations for informational purposes only. 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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