PPP Loan Data — Pearl Valley Farms Inc, Pearl City, IL
Pearl Valley Farms Inc is a corporation located at 968 South Kent Road in Pearl City, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,888,020.00 in April, 2020.
$ PPP Loan Information
Lender:COMPEER FINANCIAL, ACA
Pearl Valley Farms Inc in Pearl City, IL received a Paycheck Protection Loan of $2.89M through COMPEER FINANCIAL, ACA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Pearl Valley Farms Inc's total 2019 payroll expenses were approximately $13.86M in order to qualify for the PPP loan amount received.
Based on their reported 213 jobs retained, this equals an estimated average yearly compensation of $65,082 per employee1.
Business Information - Pearl Valley Farms Inc in Pearl City, IL
968 South Kent Road
Pearl City, IL 61062
Other Poultry Production (NAICS code 112390)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-17
Industry PPP Comparison Statistics
Nationwide, 553 businesses in the "Other Poultry Production" industry received a total of $45,545,198.00 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 8 employees, 96% lower than Pearl Valley Farms Inc's reported 213 employees, and received an average PPP loan of $82,360, 97% lower than this company's loan of $2.89M.
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, 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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