PPP Loan Data — Premium Iowa Pork,LLC, Hospers, IA
Premium Iowa Pork,LLC is a corporation located at 108 First Avenue South in Hospers, Iowa that received a Coronavirus-related PPP loan from the SBA of $3,950,200.00 in April, 2020.
$ PPP Loan Information
Premium Iowa Pork,LLC received a Paycheck Protection Loan of $3.95M through MIDWESTONE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Premium Iowa Pork,LLC's total 2019 payroll expenses were approximately $18.96M in order to qualify for the PPP loan amount received.
Based on their reported 419 jobs retained, this equals an estimated average yearly compensation of $45,253 per employee1.
Business Information - Premium Iowa Pork,LLC in Hospers, IA
108 First Avenue South
Hospers, IA 51238
Livestock Merchant Wholesalers (NAICS code 424520)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IA-04
Similar Companies near Hospers
In the Hospers area, 4 businesses in the "Livestock Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 110 employees (compared to this company's 419) and received an average PPP loan of $1,051,036 (compared to this company's $3.95M).
Similar Nearby Businesses Who Received PPP Funding:
Formosa Food Company, Inc.
Livestock Equipment & Manufacturing
Value Added Pork Market, LLC
Industry PPP Comparison Statistics
Nationwide, 948 businesses in the "Livestock Merchant Wholesalers" industry received a total of $70,911,712.00 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, 97% lower than Premium Iowa Pork,LLC's reported 419 employees, and received an average PPP loan of $74,801, 98% lower than this company's loan of $3.95M.
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Footnotes & Information
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