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

PPP Loan Data — Yergat Packing Company Inc, Fresno, CA

ALERT: There are 2 PPP loans for a total of $4.69M in our database for businesses with the name "Yergat Packing Company Inc" in Fresno, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Yergat Packing Company Inc
CA

Yergat Packing Company Inc

Entity: Subchapter S Corporation

Industry: Fruit and Vegetable Canning

Location: Fresno, CA

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Yergat Packing Company Inc is a subchapter s corporation located at 2797 S Orange Ave in Fresno, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.

$ PPP Loan Information
Loan #4097678410

Loan Size:

$2M

Jobs Retained:

61

Loan Approved:

2021-02-06

Loan Status:

Ongoing Loan

Lender:

Zions Bank, A Division of
Likely Employment Reduction3

Yergat Packing Company Inc in Fresno, CA received a Paycheck Protection Loan of $2M through Zions Bank, A Division of, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 61 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 96. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Yergat Packing Company Inc's 2019 payroll expenses are estimated to be at least $9.6M (not accounting for salary amounts > $100k).

Because the 61 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.

Reported PPP Proceed Usage:

On the PPP application, Yergat Packing Company Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,995
  • Utilities: $1
Because the loan received by Yergat Packing Company 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 - Yergat Packing Company Inc in Fresno, CA

Yergat Packing Company Inc
2797 S Orange Ave
Fresno, CA 93725

Business Industry:
Fruit and Vegetable Canning
NAICS code 311421

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Fresno County, CA — SBA Office 0942 — Congressional District: CA-16

Industry PPP Comparison Statistics

Nationwide, 486 businesses in the "Fruit and Vegetable Canning" industry received a total of $104.37M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 22 employees, 64% lower than Yergat Packing Company Inc's reported 61 employees, and received an average PPP loan of $214,763, 89% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Yergat Packing Company, Inc
CA

Yergat Packing Company, Inc

Entity: Subchapter S Corporation

Industry: Postharvest Crop Activities (except Cotton Ginning)

Location: Fresno, CA

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Yergat Packing Company, Inc is a subchapter s corporation located at 2797 S Orange Ave in Fresno, California that received a Coronavirus-related PPP loan from the SBA of $2,690,300.00 in April, 2020.

$ PPP Loan Information
Loan #3689207107

Loan Size:

$2.69M

Jobs Retained:

383

Loan Approved:

2020-04-12

Loan Status:

Ongoing Loan

Lender:

Zions Bank, A Division of

Yergat Packing Company, Inc in Fresno, CA received a Paycheck Protection Loan of $2.69M through Zions Bank, A Division of, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Yergat Packing Company, Inc's 2019 payroll expenses are estimated to be at least $12.91M.

Based on their reported 383 jobs retained, this equals an estimated average yearly compensation of $33,717 per employee1

Reported PPP Proceed Usage:

On the PPP application, Yergat Packing Company, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,690,300
Because the loan received by Yergat Packing Company, 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 - Yergat Packing Company, Inc in Fresno, CA

Yergat Packing Company, Inc
2797 S Orange Ave
Fresno, CA 93725

Business Industry:
Postharvest Crop Activities (except Cotton Ginning)
NAICS code 115114

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Fresno County, CA — SBA Office 0942 — Congressional District: CA-16

Industry PPP Comparison Statistics

Nationwide, 1,324 businesses in the "Postharvest Crop Activities (except Cotton Ginning)" industry received a total of $297.43M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 29 employees, 92% lower than Yergat Packing Company, Inc's reported 383 employees, and received an average PPP loan of $224,649, 92% lower than this company's loan of $2.69M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/yergat-packing-company-inc-fresno-ca