PPP Loan Data — Noel Escobedo Farm, Inc, Kula, HI
Noel Escobedo Farm, Inc is a corporation located at 765 Kamehameiki Road in Kula, Hawaii that received a Coronavirus-related PPP loan from the SBA of $46,200.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:American Savings Bank, FSB
Noel Escobedo Farm, Inc in Kula, HI received a Paycheck Protection Loan of $46,200 through American Savings Bank, FSB, which was approved in May, 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, Noel Escobedo Farm, Inc's 2019 payroll expenses are estimated to be at least $221,760.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,440 per employee1
Reported PPP Proceed Usage:
On the PPP application, Noel Escobedo Farm, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,200
Business Information - Noel Escobedo Farm, Inc in Kula, HI
765 Kamehameiki Road
Kula, HI 96790
NAICS code 111211
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 2,808 businesses in the "Potato Farming" industry received a total of $229.75M 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 12 employees, 200% higher than Noel Escobedo Farm, Inc's reported 4 employees, and received an average PPP loan of $81,821, 77% higher than this company's loan of $46,200.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!