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PPP Loan Data — Seville Farms Inc., Fort Worth, TX

SBA PPP loan data, payroll data, and salaries for Seville Farms Inc.
TX

Seville Farms Inc.

Entity: Corporation

Industry: Landscaping Services

Location: Fort Worth, TX

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Seville Farms Inc. is a corporation located at 3343 Locke Ave Suite 107 in Fort Worth, Texas that received a Coronavirus-related PPP loan from the SBA of $3,357,500.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 479 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.36M

Jobs Retained:

479

Loan Approved:

2020-04-15

Lender:

GREATER NEVADA CU

Seville Farms Inc. received a Paycheck Protection Loan of $3.36M through GREATER NEVADA CU, which was approved in April, 2020.

Based on standard PPP eligibility rules, Seville Farms Inc.'s total 2019 payroll expenses were approximately $16.12M in order to qualify for the PPP loan amount received.

Based on their reported 479 jobs retained, this equals an estimated average yearly compensation of $33,645 per employee1.

Because the loan received by Seville Farms Inc. 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 - Seville Farms Inc. in Fort Worth, TX

Seville Farms Inc.
3343 Locke Ave Suite 107
Fort Worth, TX 76107

Business Industry

Landscaping Services (NAICS code 561730)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: TX-12

Similar Companies near Fort Worth

In the Fort Worth area, 10 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 61 employees (compared to this company's 479) and received an average PPP loan of $445,249 (compared to this company's $3.36M).

Industry PPP Comparison Statistics

Nationwide, 46,451 businesses in the "Landscaping Services" industry received a total of $3,497,785,424.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 9 employees, 98% lower than Seville Farms Inc.'s reported 479 employees, and received an average PPP loan of $75,301, 98% lower than this company's loan of $3.36M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/seville-farms-inc-fort-worth-tx