PPP Loan Data — The Orange Patch, LLC, Mesa, AZ
The Orange Patch, LLC is a limited liability company (LLC) located at 2353 E Virginia St in Mesa, Arizona that received a Coronavirus-related PPP loan from the SBA of $25,135.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Cross River Bank
The Orange Patch, LLC in Mesa, AZ received a Paycheck Protection Loan of $25,135 through Cross River Bank, 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 March, 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, The Orange Patch, LLC's 2019 payroll expenses are estimated to be at least $120,648.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $12,065 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Orange Patch, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,135
Business Information - The Orange Patch, LLC in Mesa, AZ
2353 E Virginia St
Mesa, AZ 85213
Fruit and Vegetable Markets
NAICS code 445230
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 2,595 businesses in the "Fruit and Vegetable Markets" industry received a total of $160.45M 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 10 employees, the same amount reported by The Orange Patch, LLC and received an average PPP loan of $61,829, 146% higher than this company's loan of $25,135.
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Footnotes & Information
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