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PPP Loan Data — Urban Farmer LLC, Manteno, IL

SBA PPP loan data, payroll data, and salaries for Urban Farmer LLC
IL

Urban Farmer LLC

Entity: Limited Liability Company (LLC)

Industry: Dried and Dehydrated Food Manufacturing

Location: Manteno, IL

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Urban Farmer LLC is a limited liability company (LLC) located at 1551 Boudreau Rd in Manteno, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,506,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.51M

Jobs Retained:

244

Loan Approved:

2020-04-05

Lender:

STATE BANK

Urban Farmer LLC in Manteno, IL received a Paycheck Protection Loan of $2.51M through STATE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Urban Farmer LLC's total 2019 payroll expenses were approximately $12.03M in order to qualify for the PPP loan amount received.

Based on their reported 244 jobs retained, this equals an estimated average yearly compensation of $49,314 per employee1.

Because the loan received by Urban Farmer LLC 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 - Urban Farmer LLC in Manteno, IL

Urban Farmer LLC
1551 Boudreau Rd
Manteno, IL 60950

Business Industry

Dried and Dehydrated Food Manufacturing (NAICS code 311423)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-02

Industry PPP Comparison Statistics

Nationwide, 188 businesses in the "Dried and Dehydrated Food Manufacturing" industry received a total of $70,642,618.00 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 36 employees, 85% lower than Urban Farmer LLC's reported 244 employees, and received an average PPP loan of $375,759, 85% lower than this company's loan of $2.51M.

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, and is published unmodified, as provided by the SBA.

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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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/urban-farmer-llc-manteno-il