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PPP Loan Data — Radermacher Farms,
Wheatland, ND
Radermacher Farms
Entity: Partnership
Industry: Soybean Farming
Location: Wheatland, ND
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Radermacher Farms is a partnership located at 15495 32nd St Se in Wheatland, North Dakota that received a Coronavirus-related PPP loan from the SBA of $23,972.00 in March, 2021.
The company has reported itself as a White male owned business, and employed at least fifteen people during the applicable loan loan period.
$
PPP Loan Information
Loan #1684638704
Loan Size:
Jobs Retained:
15Loan Approved:
2021-03-27Loan Status:
Ongoing LoanLender:
BankNorthRadermacher Farms in Wheatland, ND received a Paycheck Protection Loan of $23,972 through BankNorth, 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 MoreUnderstanding 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 MoreBased 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, Radermacher Farms' 2019 payroll expenses are estimated to be at least $115,066.
Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $7,671 per employee1
Reported PPP Proceed Usage:
On the PPP application, Radermacher Farms reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $23,971
- Utilities: $1
Business Information - Radermacher Farms in Wheatland, ND
15495 32nd St Se
Wheatland, ND 58079
Business Industry:
Soybean Farming
NAICS code 111110
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Wheatland
In the Wheatland area, 49 businesses in the "Soybean Farming" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 15) and received an average PPP loan of $23,338 (compared to this company's $23,972).
Similar Nearby Businesses Who Received PPP Funding:
Michael Peyerl
West Fargo, ND
Ryan Radermacher
Wheatland, ND
Grant Schatzke
Wheatland, ND
Chad Fiedler
West Fargo, ND
Brett Levos
Chaffee, ND
Sugar Forever LP
Wheatland, ND
Kelly Thompson
Wheatland, ND
Ryan Schultz
Wheatland, ND
David Houkom
West Fargo, ND
Industry PPP Comparison Statistics
Nationwide, 56,818 businesses in the "Soybean Farming" industry received a total of $1.11B 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 2 employees, 87% lower than Radermacher Farms' reported 15 employees, and received an average PPP loan of $19,606, 18% lower than this company's loan of $23,972.
Radermacher Farms
Entity: Partnership
Industry: Oilseed and Grain Combination Farming
Location: Wheatland, ND
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Radermacher Farms is a partnership located at 15495 32nd St Se in Wheatland, North Dakota that received a Coronavirus-related PPP loan from the SBA of $21,388.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least two people during the applicable loan loan period.
$
PPP Loan Information
Loan #6113707007
Loan Size:
Jobs Retained:
2Loan Approved:
2020-04-06Loan Status:
Paid in Full or ForgivenLender:
BankNorthRadermacher Farms in Wheatland, ND received a Paycheck Protection Loan of $21,388 through BankNorth, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.
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 MoreUnderstanding 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 MoreBased 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, Radermacher Farms' 2019 payroll expenses are estimated to be at least $102,662.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $51,331 per employee1
Reported PPP Proceed Usage:
On the PPP application, Radermacher Farms reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $21,388
Business Information - Radermacher Farms in Wheatland, ND
15495 32nd St Se
Wheatland, ND 58079
Business Industry:
Oilseed and Grain Combination Farming
NAICS code 111191
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Wheatland
In the Wheatland area, 19 businesses in the "Oilseed and Grain Combination Farming" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $19,159 (compared to this company's $21,388).
Similar Nearby Businesses Who Received PPP Funding:
Giermann Partnership
Wheatland, ND
David P Houkom
West Fargo, ND
DMO Company, LLC
West Fargo, ND
Andrew E. Levos
Wheatland, ND
Gary E. Hoglund
Wheatland, ND
Duane Vandrovec
Wheatland, ND
Derryn Heley
West Fargo, ND
David Majkrzak
West Fargo, ND
Industry PPP Comparison Statistics
Nationwide, 32,696 businesses in the "Oilseed and Grain Combination Farming" industry received a total of $643.76M 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 2 employees, the same amount reported by Radermacher Farms and received an average PPP loan of $19,689, 8% lower than this company's loan of $21,388.
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.
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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