PPP Loan Data — Scheid Vineyards California Inc., Salinas, CA
Scheid Vineyards California Inc. is a corporation located at 305 Hilltown Rd in Salinas, California that received a Coronavirus-related PPP loan from the SBA of $3,730,820.00 in April, 2020.
$ PPP Loan Information
Scheid Vineyards California Inc. in Salinas, CA received a Paycheck Protection Loan of $3.73M through MECHANICS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Scheid Vineyards California Inc.'s total 2019 payroll expenses were approximately $17.91M in order to qualify for the PPP loan amount received.
Based on their reported 255 jobs retained, this equals an estimated average yearly compensation of $70,227 per employee1.
Business Information - Scheid Vineyards California Inc. in Salinas, CA
305 Hilltown Rd
Salinas, CA 93908
Farm Management Services (NAICS code 115116)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-20
Similar Companies near Salinas
In the Salinas area, 2 businesses in the "Farm Management Services" industry received a PPP loan. These local businesses reported an average of 131 employees (compared to this company's 255) and received an average PPP loan of $1,900,952 (compared to this company's $3.73M).
Similar Nearby Businesses Who Received PPP Funding:
Veda Farming Solutions
Industry PPP Comparison Statistics
Nationwide, 1,784 businesses in the "Farm Management Services" industry received a total of $225,761,159.00 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 12 employees, 95% lower than Scheid Vineyards California Inc.'s reported 255 employees, and received an average PPP loan of $126,548, 97% lower than this company's loan of $3.73M.
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Footnotes & Information
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