PPP Loan Data — Naturipe Farms, LLC, Estero, FL
Naturipe Farms, LLC is a limited liability company (LLC) located at 9450 Corkscrew Palms Cir in Estero, Florida that received a Coronavirus-related PPP loan from the SBA of $1,817,500.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Fifth Third Bank
Naturipe Farms, LLC in Estero, FL received a Paycheck Protection Loan of $1.82M through Fifth Third Bank, 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 January, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Naturipe Farms, LLC's 2019 payroll expenses are estimated to be at least $8.72M.
Based on their reported 97 jobs retained, this equals an estimated average yearly compensation of $89,938 per employee1
Reported PPP Proceed Usage:
On the PPP application, Naturipe Farms, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,817,500
Business Information - Naturipe Farms, LLC in Estero, FL
9450 Corkscrew Palms Cir
Estero, FL 33928
Fresh Fruit and Vegetable Merchant Wholesalers
NAICS code 424480
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Estero
In the Estero area, 8 businesses in the "Fresh Fruit and Vegetable Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 97) and received an average PPP loan of $335,290 (compared to this company's $1.82M).
Similar Nearby Businesses Who Received PPP Funding:
Naturipe Avocado Farms, LLC
Naturipe Value Added Fresh, LLC
Naturipe Farms Imports, Inc
Hortifrut North America, Inc
Hortifrut Imports, Inc
Industry PPP Comparison Statistics
Nationwide, 4,225 businesses in the "Fresh Fruit and Vegetable Merchant Wholesalers" industry received a total of $800.94M 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 19 employees, 80% lower than Naturipe Farms, LLC's reported 97 employees, and received an average PPP loan of $189,572, 90% lower than this company's loan of $1.82M.
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Footnotes & Information
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