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PPP Loan Data — Stahlbush Island Farms, Inc., Corvallis, OR

SBA PPP loan data, payroll data, and salaries for Stahlbush Island Farms, Inc.
OR

Stahlbush Island Farms, Inc.

Entity: Limited Liability Company (LLC)

Industry: Oilseed (except Soybean) Farming

Location: Corvallis, OR

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Stahlbush Island Farms, Inc. is a limited liability company (LLC) located at 3122 Stahlbush Island Rd in Corvallis, Oregon that received a Coronavirus-related PPP loan from the SBA of $2,945,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.95M

Jobs Retained:

475

Loan Approved:

2020-04-15

Lender:

FIRST PIONEER FARM CREDIT, ACA

Stahlbush Island Farms, Inc. received a Paycheck Protection Loan of $2.95M through FIRST PIONEER FARM CREDIT, ACA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Stahlbush Island Farms, Inc.'s total 2019 payroll expenses were approximately $14.14M in order to qualify for the PPP loan amount received.

Based on their reported 475 jobs retained, this equals an estimated average yearly compensation of $29,760 per employee1.

Because the loan received by Stahlbush Island 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 - Stahlbush Island Farms, Inc. in Corvallis, OR

Stahlbush Island Farms, Inc.
3122 Stahlbush Island Rd
Corvallis, OR 97333

Business Industry

Oilseed (except Soybean) Farming (NAICS code 111120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OR-04

Industry PPP Comparison Statistics

Nationwide, 275 businesses in the "Oilseed (except Soybean) Farming" industry received a total of $16,341,531.00 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 7 employees, 99% lower than Stahlbush Island Farms, Inc.'s reported 475 employees, and received an average PPP loan of $59,424, 98% lower than this company's loan of $2.95M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/stahlbush-island-farms-inc-corvallis-or