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PPP Loan Data — Pearl Valley Farms Inc, Pearl City, IL

SBA PPP loan data, payroll data, and salaries for Pearl Valley Farms Inc
IL

Pearl Valley Farms Inc

Entity: Corporation

Industry: Other Poultry Production

Location: Pearl City, IL

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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

Loan Size:

$2.89M

Jobs Retained:

213

Loan Approved:

2020-04-08

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.

Because the loan received by Pearl Valley Farms Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Pearl Valley Farms Inc in Pearl City, IL

Pearl Valley Farms Inc
968 South Kent Road
Pearl City, IL 61062

Business Industry

Other Poultry Production (NAICS code 112390)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/pearl-valley-farms-inc-pearl-city-il