PPP Loan Data — Sabor Farms, LLC, Salinas, CA
Sabor Farms, LLC is a limited liability company (LLC) located at 387 W Market St in Salinas, California that received a Coronavirus-related PPP loan from the SBA of $3,285,750.00 in April, 2020.
$ PPP Loan Information
Sabor Farms, LLC in Salinas, CA received a Paycheck Protection Loan of $3.29M through MECHANICS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sabor Farms, LLC's total 2019 payroll expenses were approximately $15.77M in order to qualify for the PPP loan amount received.
Based on their reported 310 jobs retained, this equals an estimated average yearly compensation of $50,876 per employee1.
Business Information - Sabor Farms, LLC in Salinas, CA
387 W Market St
Salinas, CA 93901
Other Vegetable (except Potato) and Melon Farming (NAICS code 111219)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-20
Similar Companies near Salinas
In the Salinas area, 6 businesses in the "Other Vegetable (except Potato) and Melon Farming" industry received a PPP loan. These local businesses reported an average of 109 employees (compared to this company's 310) and received an average PPP loan of $1,239,583 (compared to this company's $3.29M).
Similar Nearby Businesses Who Received PPP Funding:
Royal Rose, LLC
Luis A Scattini & Sons, LP
Nunes Vegetables, Inc.
Greengate Fresh, LLLP
A W Johnson & Son
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, 94% lower than Sabor Farms, LLC's reported 310 employees, and received an average PPP loan of $137,651, 96% lower than this company's loan of $3.29M.
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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