PPP Loan Data — Tedsen Ranch Co, Crescent City, CA
Tedsen Ranch Co is a corporation located at 355 Pala Rd in Crescent City, California that received a Coronavirus-related PPP loan from the SBA of $25,397.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:American AgCredit, ACA
Tedsen Ranch Co in Crescent City, CA received a Paycheck Protection Loan of $25,397 through American AgCredit, ACA, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
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, Tedsen Ranch Co's 2019 payroll expenses are estimated to be at least $121,906.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,381 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tedsen Ranch Co reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,048
- Utilities: $6,349
Business Information - Tedsen Ranch Co in Crescent City, CA
355 Pala Rd
Crescent City, CA 95531
Dual-Purpose Cattle Ranching and Farming
NAICS code 112130
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, 3,782 businesses in the "Dual-Purpose Cattle Ranching and Farming" industry received a total of $75.36M 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 2 employees, 60% lower than Tedsen Ranch Co's reported 5 employees, and received an average PPP loan of $19,927, 22% lower than this company's loan of $25,397.
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Footnotes & Information
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