PPP Loan Data — R&B Farm Services, Bakersfield, CA
R&B Farm Services is a sole proprietorship located at 12611 Gila River Dr in Bakersfield, California that received a Coronavirus-related PPP loan from the SBA of $1,723,300.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
R&B Farm Services in Bakersfield, CA received a Paycheck Protection Loan of $1.72M through Mechanics Bank, 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 May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, R&B Farm Services' 2019 payroll expenses are estimated to be at least $8.27M.
Based on their reported 201 jobs retained, this equals an estimated average yearly compensation of $41,153 per employee1
Reported PPP Proceed Usage:
On the PPP application, R&B Farm Services reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,723,300
Business Information - R&B Farm Services in Bakersfield, CA
12611 Gila River Dr
Bakersfield, CA 93312
All Other Miscellaneous Crop Farming
NAICS code 111998
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Bakersfield
In the Bakersfield area, 16 businesses in the "All Other Miscellaneous Crop Farming" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 201) and received an average PPP loan of $193,194 (compared to this company's $1.72M).
Similar Nearby Businesses Who Received PPP Funding:
Opal Fry & Son
Wheeler Ridge Aviation
Poncetta Farms, Inc
Belluomini Farms Inc
Faial Farms Limited Partnership
Southwest Farm LLC
Industry PPP Comparison Statistics
Nationwide, 27,661 businesses in the "All Other Miscellaneous Crop Farming" industry received a total of $1.14B 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 6 employees, 97% lower than R&B Farm Services' reported 201 employees, and received an average PPP loan of $41,062, 98% lower than this company's loan of $1.72M.
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Footnotes & Information
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