PPP Loan Data — The Garlic Company, Shafter, CA
The Garlic Company is a limited liability company (LLC) located at 18602 Zerker Rd in Shafter, California that received a Coronavirus-related PPP loan from the SBA of $2,362,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 179 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Valley Republic Bank
The Garlic Company in Shafter, CA received a Paycheck Protection Loan of $2.36M through Valley Republic 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, The Garlic Company's 2019 payroll expenses are estimated to be at least $11.34M.
Based on their reported 179 jobs retained, this equals an estimated average yearly compensation of $63,339 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Garlic Company reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,362,000
Business Information - The Garlic Company in Shafter, CA
18602 Zerker Rd
Shafter, CA 93263
All Other Miscellaneous Crop Farming
NAICS code 111998
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Shafter
In the Shafter area, 10 businesses in the "All Other Miscellaneous Crop Farming" industry received a PPP loan. These local businesses reported an average of 131 employees (compared to this company's 179) and received an average PPP loan of $500,583 (compared to this company's $2.36M).
Similar Nearby Businesses Who Received PPP Funding:
S Frantz Farms Inc
M & M Farms
Macias Farms LLC
Gonzalez Brothers Farm Services Inc
Railroad Valley Farms LLC
Clark Goehring Farms
B J Farms
Industry PPP Comparison Statistics
Nationwide, 27,661 businesses in the "All Other Miscellaneous Crop Farming" industry received a total of $1.14B 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 The Garlic Company's reported 179 employees, and received an average PPP loan of $41,062, 98% lower than this company's loan of $2.36M.
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Footnotes & Information
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