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PPP Loan Data — Ratto Bros Inc,
Modesto, CA
Ratto Bros Inc
Entity: Corporation
Industry: Other Vegetable (except Potato) and Melon Farming
Location: Modesto, CA
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Ratto Bros Inc is a corporation located at 6312 Beckwith Rd in Modesto, California that received a Coronavirus-related PPP loan from the SBA of $2,543,317.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
240Loan Approved:
2020-04-15Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONRatto Bros Inc in Modesto, CA received a Paycheck Protection Loan of $2.54M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Ratto Bros Inc's total 2019 payroll expenses were approximately $12.21M in order to qualify for the PPP loan amount received.
Based on their reported 240 jobs retained, this equals an estimated average yearly compensation of $50,866 per employee1.
Business Information - Ratto Bros Inc in Modesto, CA
6312 Beckwith Rd
Modesto, CA 95358
Business Industry
Other Vegetable (except Potato) and Melon Farming (NAICS code 111219)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-10Similar Companies near Modesto
In the Modesto area, 3 businesses in the "Other Vegetable (except Potato) and Melon Farming" industry received a PPP loan. These local businesses reported an average of 82 employees (compared to this company's 240) and received an average PPP loan of $853,517 (compared to this company's $2.54M).
Similar Nearby Businesses Who Received PPP Funding:
E.L. Durrer Inc
Modesto, CA
Hans J Wagner
Modesto, CA
Industry PPP Comparison Statistics
Nationwide, 2,280 businesses in the "Other Vegetable (except Potato) and Melon Farming" industry received a total of $313,843,829.00 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 18 employees, 93% lower than Ratto Bros Inc's reported 240 employees, and received an average PPP loan of $137,651, 95% lower than this company's loan of $2.54M.
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.
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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