PPP Loan Data — Nueces Farm Center Inc., Corpus Christi, TX
Nueces Farm Center Inc.
Location: Corpus Christi, TXTweet This • Search All PPP Data
Nueces Farm Center Inc. is a corporation located at Po Box 4789 in Corpus Christi, Texas that received a Coronavirus-related PPP loan from the SBA of $2,463,100.00 in April, 2020.
$ PPP Loan Information
Lender:INTERNATIONAL BANK OF COMMERCE
Nueces Farm Center Inc. received a Paycheck Protection Loan of $2.46M through INTERNATIONAL BANK OF COMMERCE, which was approved in April, 2020.
Based on standard PPP eligibility rules, Nueces Farm Center Inc.'s total 2019 payroll expenses were approximately $11.82M in order to qualify for the PPP loan amount received.
Based on their reported 170 jobs retained, this equals an estimated average yearly compensation of $69,546 per employee1.
Business Information - Nueces Farm Center Inc. in Corpus Christi, TX
Po Box 4789
Corpus Christi, TX 78469
Other Commercial and Industrial Machinery and Equipment Rental and Leasing (NAICS code 532490)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-27
Industry PPP Comparison Statistics
Nationwide, 4,159 businesses in the "Other Commercial and Industrial Machinery and Equipment Rental and Leasing" industry received a total of $707,533,609.00 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 13 employees, 92% lower than Nueces Farm Center Inc.'s reported 170 employees, and received an average PPP loan of $170,121, 93% lower than this company's loan of $2.46M.
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.
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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