National Food Corporation in Everett, WA - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — National Food Corporation, Everett, WA

National Food Corporation

Entity: Corporation

Industry: Chicken Egg Production

Location: Everett, WA

National Food Corporation is a corporation located at 134th St728 134th St Sw, Ste 103 in Everett, Washington that received a Coronavirus-related PPP loan from the SBA of $5,911,700.00 in April, 2020.

The company has reported itself as a male owned business.

$ PPP Loan Information

Loan Size:

$5.91M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-10

Lender:

COASTAL COMMUNITY BANK

National Food Corporation received a Paycheck Protection Loan of $5.91M through COASTAL COMMUNITY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, National Food Corporation's total 2019 payroll expenses were approximately $28.38M in order to qualify for the PPP loan amount received.

Unlike most businesses, National Food Corporation'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 National Food Corporation 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 - National Food Corporation in Everett, WA

National Food Corporation
134th St728 134th St Sw, Ste 103
Everett, WA 98204

Business Industry

Chicken Egg Production (NAICS code 112310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: WA-02

Industry PPP Comparison Statistics

Nationwide, 570 businesses in the "Chicken Egg Production" industry received a total of $102,317,467.00 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 15 employees, and received an average PPP loan of $179,504, 97% lower than this company's loan of $5.91M.

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.

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.

Have FederalPay.org's open data tools been valuable? Consider donating!