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PPP Loan Data — Mississippi AG Company,
Yazoo City, MS
Mississippi AG Company
Entity: Corporation
Industry: Farm and Garden Machinery and Equipment Merchant Wholesalers
Location: Yazoo City, MS
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Mississippi AG Company is a corporation located at 441 Haley Barbour Pkwy in Yazoo City, Mississippi that received a Coronavirus-related PPP loan from the SBA of $3,658,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
288Loan Approved:
2020-04-09Lender:
BANKPLUSMississippi AG Company in Yazoo City, MS received a Paycheck Protection Loan of $3.66M through BANKPLUS, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mississippi AG Company's total 2019 payroll expenses were approximately $17.56M in order to qualify for the PPP loan amount received.
Based on their reported 288 jobs retained, this equals an estimated average yearly compensation of $60,967 per employee1.
Business Information - Mississippi AG Company in Yazoo City, MS
441 Haley Barbour Pkwy
Yazoo City, MS 39194
Business Industry
Farm and Garden Machinery and Equipment Merchant Wholesalers (NAICS code 423820)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MS-02Industry PPP Comparison Statistics
Nationwide, 2,270 businesses in the "Farm and Garden Machinery and Equipment Merchant Wholesalers" industry received a total of $573,983,487.00 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, 93% lower than Mississippi AG Company's reported 288 employees, and received an average PPP loan of $252,856, 93% lower than this company's loan of $3.66M.
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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