PPP Loan Data — Sun Ridge Orchards, Inc, Wapato, WA
Sun Ridge Orchards, Inc is a corporation located at 704 Borquin Rd in Wapato, Washington that received a Coronavirus-related PPP loan from the SBA of $86,742.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Sun Ridge Orchards, Inc in Wapato, WA received a Paycheck Protection Loan of $86,742 through Heritage 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, Sun Ridge Orchards, Inc's 2019 payroll expenses are estimated to be at least $416,362.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $52,045 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sun Ridge Orchards, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $86,742
Business Information - Sun Ridge Orchards, Inc in Wapato, WA
704 Borquin Rd
Wapato, WA 98951
NAICS code 111331
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Wapato
In the Wapato area, 36 businesses in the "Apple Orchards" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 8) and received an average PPP loan of $122,452 (compared to this company's $86,742).
Similar Nearby Businesses Who Received PPP Funding:
Paul F Brandt Orchards
Pear A Dice Farms Inc
Mountain View Orchards, LLC
Konnowac Orchards LLC
Voelker Farms Co Inc
TLC Orchards LLC
M & M Orchards Inc
T R Berghoff Orchards, LLC
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, 175% higher than Sun Ridge Orchards, Inc's reported 8 employees, and received an average PPP loan of $95,820, 10% higher than this company's loan of $86,742.
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Footnotes & Information
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