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PPP Loan Data — Walther Farms LLC,
Three Rivers, MI
Walther Farms LLC
Entity: Limited Liability Company (LLC)
Industry: Potato Farming
Location: Three Rivers, MI
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Walther Farms LLC is a limited liability company (LLC) located at 52944 N Us Highway 131 in Three Rivers, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,999,300.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
443Loan Approved:
2020-04-08Lender:
GREENSTONE FARM CREDIT SERVICES, ACAWalther Farms LLC received a Paycheck Protection Loan of $4M through GREENSTONE FARM CREDIT SERVICES, ACA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Walther Farms LLC's total 2019 payroll expenses were approximately $19.2M in order to qualify for the PPP loan amount received.
Based on their reported 443 jobs retained, this equals an estimated average yearly compensation of $43,333 per employee1.
Business Information - Walther Farms LLC in Three Rivers, MI
52944 N Us Highway 131
Three Rivers, MI 49093
Business Industry
Potato Farming (NAICS code 111211)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MI-06Industry PPP Comparison Statistics
Nationwide, 1,654 businesses in the "Potato Farming" industry received a total of $167,886,402.00 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 13 employees, 97% lower than Walther Farms LLC's reported 443 employees, and received an average PPP loan of $101,503, 97% lower than this company's loan of $4M.
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.
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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