PPP Loan Data — Schweitzer Orchards, Sparta, MI
Schweitzer Orchards is a sole proprietorship located at 7744 Baumhoff Ave Nw in Sparta, Michigan that received a Coronavirus-related PPP loan from the SBA of $46,322.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least 27 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Schweitzer Orchards in Sparta, MI received a Paycheck Protection Loan of $46,322 through ChoiceOne Bank, which was approved in May, 2020.
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, Schweitzer Orchards' 2019 payroll expenses are estimated to be at least $222,346.
Based on their reported 27 jobs retained, this equals an estimated average yearly compensation of $8,235 per employee1
Reported PPP Proceed Usage:
On the PPP application, Schweitzer Orchards reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,322
Business Information - Schweitzer Orchards in Sparta, MI
7744 Baumhoff Ave Nw
Sparta, MI 49345
NAICS code 111331
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Sparta
In the Sparta area, 28 businesses in the "Apple Orchards" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 27) and received an average PPP loan of $80,301 (compared to this company's $46,322).
Similar Nearby Businesses Who Received PPP Funding:
May Brothers LLC
Kober Brothers, LLC
Kraft Orchards LLC
PG Orchards LLC
Schwallier's Country Basket
Royal J Klein & Sons LLC
J & J Morse Inc
Industry PPP Comparison Statistics
Nationwide, 1,921 businesses in the "Apple Orchards" industry received a total of $184.07M 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 22 employees, 19% lower than Schweitzer Orchards' reported 27 employees, and received an average PPP loan of $95,820, 107% higher than this company's loan of $46,322.
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Footnotes & Information
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