PPP Loan Data — Zeng Farm LLC, Honolulu, HI
Zeng Farm LLC is a limited liability company (LLC) located at 2929 Ala Ilima St. Apt. 1003 in Honolulu, Hawaii that received a Coronavirus-related PPP loan from the SBA of $46,375.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Zeng Farm LLC in Honolulu, HI received a Paycheck Protection Loan of $46,375 through WebBank, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Zeng Farm LLC's 2019 payroll expenses are estimated to be at least $222,600.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,520 per employee1
Reported PPP Proceed Usage:
On the PPP application, Zeng Farm LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,375
Business Information - Zeng Farm LLC in Honolulu, HI
2929 Ala Ilima St. Apt. 1003
Honolulu, HI 96818
Other Vegetable (except Potato) and Melon Farming
NAICS code 111219
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Honolulu
In the Honolulu area, 7 businesses in the "Other Vegetable (except Potato) and Melon Farming" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 5) and received an average PPP loan of $73,937 (compared to this company's $46,375).
Similar Nearby Businesses Who Received PPP Funding:
Golden Traders Wholesale Inc
Liang Produce LLC
Golden Dragon Farm Inc
Industry PPP Comparison Statistics
Nationwide, 5,617 businesses in the "Other Vegetable (except Potato) and Melon Farming" industry received a total of $452.09M 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 13 employees, 160% higher than Zeng Farm LLC's reported 5 employees, and received an average PPP loan of $80,486, 74% higher than this company's loan of $46,375.
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Footnotes & Information
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