PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Titan AG Services, Inc, Tipton, CA

SBA PPP loan data, payroll data, and salaries for Titan AG Services, Inc
CA

Titan AG Services, Inc

Entity: Corporation

Industry: Farm Labor Contractors and Crew Leaders

Location: Tipton, CA

Search All PPP Data

Titan AG Services, Inc is a corporation located at 174 S. Burnett Rd in Tipton, California that received a Coronavirus-related PPP loan from the SBA of $5,305,000.00 in April, 2020.

The company has reported itself as an Asian female owned business, and employed at least 448 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$5.31M

Jobs Retained:

448

Loan Approved:

2020-04-27

Lender:

CITIZENS BUSINESS BANK

Titan AG Services, Inc received a Paycheck Protection Loan of $5.31M through CITIZENS BUSINESS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Titan AG Services, Inc's total 2019 payroll expenses were approximately $25.46M in order to qualify for the PPP loan amount received.

Based on their reported 448 jobs retained, this equals an estimated average yearly compensation of $56,839 per employee1.

Because the loan received by Titan AG Services, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Titan AG Services, Inc in Tipton, CA

Titan AG Services, Inc
174 S. Burnett Rd
Tipton, CA 93272

Business Industry

Farm Labor Contractors and Crew Leaders (NAICS code 115115)

Business Owner Demographics

Race / Ethnicity: ASIAN

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional District: CA-21

Similar Companies near Tipton

In the Tipton area, 2 businesses in the "Farm Labor Contractors and Crew Leaders" industry received a PPP loan. These local businesses reported an average of 232 employees (compared to this company's 448) and received an average PPP loan of $2,686,500 (compared to this company's $5.31M).

Similar Nearby Businesses Who Received PPP Funding:

Morningstar Farming, Inc.
Tipton, CA

$68,000 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,427 businesses in the "Farm Labor Contractors and Crew Leaders" industry received a total of $303,879,959.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 41 employees, 91% lower than Titan AG Services, Inc's reported 448 employees, and received an average PPP loan of $212,950, 96% lower than this company's loan of $5.31M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/titan-ag-services-inc-tipton-ca