PPP Loan Data — Walther Farms LLC, Three Rivers, MI
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
Lender:GREENSTONE FARM CREDIT SERVICES, ACA
Walther 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
Potato Farming (NAICS code 111211)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-06
Industry 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.
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Footnotes & Information
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