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PPP Loan Data — Saticoy Lemon Association, Santa Paula, CA

SBA PPP loan data, payroll data, and salaries for Saticoy Lemon Association
CA

Saticoy Lemon Association

Entity: Cooperative

Industry: Fresh Fruit and Vegetable Merchant Wholesalers

Location: Santa Paula, CA

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Saticoy Lemon Association is a cooperative located at 103 N. Peck Rd, Po Box 46 in Santa Paula, California that received a Coronavirus-related PPP loan from the SBA of $3,669,715.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.67M

Jobs Retained:

296

Loan Approved:

2020-04-27

Lender:

COBANK ACB

Saticoy Lemon Association received a Paycheck Protection Loan of $3.67M through COBANK ACB, which was approved in April, 2020.

Based on standard PPP eligibility rules, Saticoy Lemon Association's total 2019 payroll expenses were approximately $17.61M in order to qualify for the PPP loan amount received.

Based on their reported 296 jobs retained, this equals an estimated average yearly compensation of $59,509 per employee1.

Because the loan received by Saticoy Lemon Association is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Saticoy Lemon Association in Santa Paula, CA

Saticoy Lemon Association
103 N. Peck Rd, Po Box 46
Santa Paula, CA 93061

Business Industry

Fresh Fruit and Vegetable Merchant Wholesalers (NAICS code 424480)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-26

Industry PPP Comparison Statistics

Nationwide, 2,174 businesses in the "Fresh Fruit and Vegetable Merchant Wholesalers" industry received a total of $605,605,165.00 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 24 employees, 92% lower than Saticoy Lemon Association's reported 296 employees, and received an average PPP loan of $278,567, 92% lower than this company's loan of $3.67M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/saticoy-lemon-association-santa-paula-ca