PPP Loan Data — Ratto Bros Inc, Modesto, CA
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
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Ratto 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
Other Vegetable (except Potato) and Melon Farming (NAICS code 111219)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-10
Similar 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
Hans J Wagner
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.
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Footnotes & Information
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