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PPP Loan Data — Premier AG LLC, Seymour, IN

SBA PPP loan data, payroll data, and salaries for Premier AG LLC
IN

Premier AG LLC

Entity: Cooperative

Industry: Nursery, Garden Center, and Farm Supply Stores

Location: Seymour, IN

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Premier AG LLC is a cooperative located at 811 W. 2nd St in Seymour, Indiana that received a Coronavirus-related PPP loan from the SBA of $2,793,258.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.79M

Jobs Retained:

257

Loan Approved:

2020-04-13

Lender:

COBANK ACB

Premier AG LLC received a Paycheck Protection Loan of $2.79M through COBANK ACB, which was approved in April, 2020.

Based on standard PPP eligibility rules, Premier AG LLC's total 2019 payroll expenses were approximately $13.41M in order to qualify for the PPP loan amount received.

Based on their reported 257 jobs retained, this equals an estimated average yearly compensation of $52,170 per employee1.

Because the loan received by Premier AG LLC 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 - Premier AG LLC in Seymour, IN

Premier AG LLC
811 W. 2nd St
Seymour, IN 47274

Business Industry

Nursery, Garden Center, and Farm Supply Stores (NAICS code 444220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IN-09

Industry PPP Comparison Statistics

Nationwide, 5,426 businesses in the "Nursery, Garden Center, and Farm Supply Stores" industry received a total of $604,698,392.00 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 14 employees, 95% lower than Premier AG LLC's reported 257 employees, and received an average PPP loan of $111,445, 96% lower than this company's loan of $2.79M.

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.

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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/premier-ag-llc-seymour-in