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PPP Loan Data — Sierra Del Tigre Farms,
Santa Maria, CA
Sierra Del Tigre Farms
Entity: Subchapter S Corporation
Industry: Strawberry Farming
Location: Santa Maria, CA
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Sierra Del Tigre Farms is a subchapter s corporation located at 3201 Airpark Dr Suite 205 in Santa Maria, California that received a Coronavirus-related PPP loan from the SBA of $319,195.00 in April, 2020.
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PPP Loan Information
Loan #9608887206
Loan Size:
Jobs Retained:
106Loan Approved:
2020-04-28Loan Status:
Ongoing LoanLender:
Mechanics BankSierra Del Tigre Farms in Santa Maria, CA received a Paycheck Protection Loan of $319,195 through Mechanics Bank, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Sierra Del Tigre Farms' 2019 payroll expenses are estimated to be at least $1.53M.
Based on their reported 106 jobs retained, this equals an estimated average yearly compensation of $14,454 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sierra Del Tigre Farms reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $319,195
Business Information - Sierra Del Tigre Farms in Santa Maria, CA
3201 Airpark Dr Suite 205
Santa Maria, CA 93455
Business Industry:
Strawberry Farming
NAICS code 111333
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Santa Maria
In the Santa Maria area, 23 businesses in the "Strawberry Farming" industry received a PPP loan. These local businesses reported an average of 120 employees (compared to this company's 106) and received an average PPP loan of $828,435 (compared to this company's $319,195).
Similar Nearby Businesses Who Received PPP Funding:
J&G Berry Farms LLC
Santa Maria, CA
Oscar Sanchez
Santa Maria, CA
YB Farming Inc
Santa Maria, CA
Little Petes Farms Inc
Santa Maria, CA
La Fuente Farming Inc
Santa Maria, CA
Corona Family Farms
Santa Maria, CA
Corona Fruits And Veggies Inc
Santa Maria, CA
Cardenas Bros. Farming Inc
Santa Maria, CA
Industry PPP Comparison Statistics
Nationwide, 373 businesses in the "Strawberry Farming" industry received a total of $90.1M 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 45 employees, 58% lower than Sierra Del Tigre Farms' reported 106 employees, and received an average PPP loan of $241,556, 24% lower than this company's loan of $319,195.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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