PPP Loan Data — Silent Springs LLC, Camarillo, CA
Silent Springs LLC is a limited liability company (LLC) located at 1000 Paseo Camarillo Suite 112 in Camarillo, California that received a Coronavirus-related PPP loan from the SBA of $2,106,130.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Silent Springs LLC in Camarillo, CA received a Paycheck Protection Loan of $2.11M through Mechanics Bank, which was approved in April, 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, Silent Springs LLC's 2019 payroll expenses are estimated to be at least $10.11M.
Based on their reported 323 jobs retained, this equals an estimated average yearly compensation of $31,299 per employee1
Reported PPP Proceed Usage:
On the PPP application, Silent Springs LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,106,130
Business Information - Silent Springs LLC in Camarillo, CA
1000 Paseo Camarillo Suite 112
Camarillo, CA 93010
Other Vegetable (except Potato) and Melon Farming
NAICS code 111219
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Camarillo
In the Camarillo area, 5 businesses in the "Other Vegetable (except Potato) and Melon Farming" industry received a PPP loan. These local businesses reported an average of 79 employees (compared to this company's 323) and received an average PPP loan of $597,095 (compared to this company's $2.11M).
Similar Nearby Businesses Who Received PPP Funding:
Mission Oaks Management Group, Inc
Western Onion Sales, Inc
Creek AG LLC
Industry PPP Comparison Statistics
Nationwide, 5,617 businesses in the "Other Vegetable (except Potato) and Melon Farming" industry received a total of $452.09M 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 13 employees, 96% lower than Silent Springs LLC's reported 323 employees, and received an average PPP loan of $80,486, 96% lower than this company's loan of $2.11M.
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Footnotes & Information
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