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PPP Loan Data — Poindexter Nut Company Inc, Selma, CA

ALERT: There are 2 PPP loans for a total of $4.16M in our database for businesses with the name "Poindexter Nut Company Inc" in Selma, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Poindexter Nut Company Inc
CA

Poindexter Nut Company Inc

Entity: Corporation

Industry: All Other Miscellaneous Food Manufacturing

Location: Selma, CA

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Poindexter Nut Company Inc is a corporation located at 5414 E Floral Ave in Selma, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.

The company has reported itself as a male owned business, and employed at least 298 people during the applicable loan loan period.

$ PPP Loan Information
Loan #4436418604

Loan Size:

$2M

Jobs Retained:

298

Loan Approved:

2021-03-18

Loan Status:

Ongoing Loan

Lender:

Suncrest Bank

Poindexter Nut Company Inc in Selma, CA received a Paycheck Protection Loan of $2M through Suncrest Bank, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Poindexter Nut Company Inc's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 298 jobs retained, this equals an estimated average yearly compensation of $32,215 per employee1

Reported PPP Proceed Usage:

On the PPP application, Poindexter Nut Company Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,998
  • Utilities: $1
Because the loan received by Poindexter Nut Company 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 - Poindexter Nut Company Inc in Selma, CA

Poindexter Nut Company Inc
5414 E Floral Ave
Selma, CA 93662

Business Industry:
All Other Miscellaneous Food Manufacturing
NAICS code 311999

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Fresno County, CA — SBA Office 0942 — Congressional District: CA-21

Industry PPP Comparison Statistics

Nationwide, 4,790 businesses in the "All Other Miscellaneous Food Manufacturing" industry received a total of $554.13M 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 13 employees, 96% lower than Poindexter Nut Company Inc's reported 298 employees, and received an average PPP loan of $115,685, 94% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Poindexter Nut Company, Inc
CA

Poindexter Nut Company, Inc

Entity: Corporation

Industry: Confectionery Merchant Wholesalers

Location: Selma, CA

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Poindexter Nut Company, Inc is a corporation located at 5414 Floral Ave in Selma, California that received a Coronavirus-related PPP loan from the SBA of $2,159,602.00 in May, 2020.

The company has reported itself as a female owned business, and employed at least 269 people during the applicable loan loan period.

$ PPP Loan Information
Loan #9974607704

Loan Size:

$2.16M

Jobs Retained:

269

Loan Approved:

2020-05-01

Loan Status:

Ongoing Loan

Lender:

MUFG Union Bank, National Association

Poindexter Nut Company, Inc in Selma, CA received a Paycheck Protection Loan of $2.16M through MUFG Union Bank, National Association, which was approved in May, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Poindexter Nut Company, Inc's 2019 payroll expenses are estimated to be at least $10.37M.

Based on their reported 269 jobs retained, this equals an estimated average yearly compensation of $38,536 per employee1

Reported PPP Proceed Usage:

On the PPP application, Poindexter Nut Company, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,159,602
Because the loan received by Poindexter Nut Company, 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 - Poindexter Nut Company, Inc in Selma, CA

Poindexter Nut Company, Inc
5414 Floral Ave
Selma, CA 93662

Business Industry:
Confectionery Merchant Wholesalers
NAICS code 424450

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Female Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Fresno County, CA — SBA Office 0942 — Congressional District: CA-21

Similar Companies near Selma

In the Selma area, 2 businesses in the "Confectionery Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 148 employees (compared to this company's 269) and received an average PPP loan of $1,257,181 (compared to this company's $2.16M).

Similar Nearby Businesses Who Received PPP Funding:

Poindexter Farms, LLC
Selma, CA

$354,760 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,265 businesses in the "Confectionery Merchant Wholesalers" industry received a total of $102.85M 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 10 employees, 96% lower than Poindexter Nut Company, Inc's reported 269 employees, and received an average PPP loan of $81,305, 96% lower than this company's loan of $2.16M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/poindexter-nut-company-inc-selma-ca