PPP Loan Data — Sunrise Farms, Inc, Harris, IA
Sunrise Farms, Inc is a subchapter s corporation located at 2060 White Ave in Harris, Iowa that received a Coronavirus-related PPP loan from the SBA of $2,388,700.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:American State Bank
Sunrise Farms, Inc in Harris, IA received a Paycheck Protection Loan of $2.39M through American State 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, Sunrise Farms, Inc's 2019 payroll expenses are estimated to be at least $11.47M.
Based on their reported 222 jobs retained, this equals an estimated average yearly compensation of $51,648 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sunrise Farms, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,388,700
Business Information - Sunrise Farms, Inc in Harris, IA
2060 White Ave
Harris, IA 51345
Chicken Egg Production
NAICS code 112310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 2,616 businesses in the "Chicken Egg Production" industry received a total of $152.31M 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 6 employees, 97% lower than Sunrise Farms, Inc's reported 222 employees, and received an average PPP loan of $58,223, 98% lower than this company's loan of $2.39M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!