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PPP Loan Data — Wabash Valley Produce, Inc., Dubois, IN

SBA PPP loan data, payroll data, and salaries for Wabash Valley Produce, Inc.
IN

Wabash Valley Produce, Inc.

Entity: Corporation

Industry: Poultry and Poultry Product Merchant Wholesalers

Location: Dubois, IN

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Wabash Valley Produce, Inc. is a corporation located at 4886 E. 450 N. in Dubois, Indiana that received a Coronavirus-related PPP loan from the SBA of $3,064,605.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 370 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.06M

Jobs Retained:

370

Loan Approved:

2020-04-10

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Wabash Valley Produce, Inc. received a Paycheck Protection Loan of $3.06M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Wabash Valley Produce, Inc.'s total 2019 payroll expenses were approximately $14.71M in order to qualify for the PPP loan amount received.

Based on their reported 370 jobs retained, this equals an estimated average yearly compensation of $39,757 per employee1.

Because the loan received by Wabash Valley Produce, 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 - Wabash Valley Produce, Inc. in Dubois, IN

Wabash Valley Produce, Inc.
4886 E. 450 N.
Dubois, IN 47527

Business Industry

Poultry and Poultry Product Merchant Wholesalers (NAICS code 424440)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: IN-08

Industry PPP Comparison Statistics

Nationwide, 327 businesses in the "Poultry and Poultry Product Merchant Wholesalers" industry received a total of $67,589,539.00 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 18 employees, 95% lower than Wabash Valley Produce, Inc.'s reported 370 employees, and received an average PPP loan of $206,696, 93% lower than this company's loan of $3.06M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/wabash-valley-produce-inc-dubois-in