PPP Loan Data — Nisra Farms, LLC, Stockton, CA
Nisra Farms, LLC is a limited liability company (LLC) located at 6299 Crooked Stick Cir in Stockton, California that received a Coronavirus-related PPP loan from the SBA of $25,287.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Yosemite Farm Credit, Aca
Nisra Farms, LLC in Stockton, CA received a Paycheck Protection Loan of $25,287 through Yosemite Farm Credit, Aca, which was approved in April, 2020.
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, Nisra Farms, LLC's 2019 payroll expenses are estimated to be at least $121,378.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,276 per employee1
Reported PPP Proceed Usage:
On the PPP application, Nisra Farms, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,287
Business Information - Nisra Farms, LLC in Stockton, CA
6299 Crooked Stick Cir
Stockton, CA 95219
Tree Nut Farming
NAICS code 111335
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Stockton
In the Stockton area, 3 businesses in the "Tree Nut Farming" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 5) and received an average PPP loan of $22,317 (compared to this company's $25,287).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 2,434 businesses in the "Tree Nut Farming" industry received a total of $181.43M 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 9 employees, 80% higher than Nisra Farms, LLC's reported 5 employees, and received an average PPP loan of $74,541, 195% higher than this company's loan of $25,287.
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Footnotes & Information
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