Coronavirus Pandemic PPP Aid Loan: Fresno CA Area Database

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When the novel coronavirus threat first led to massive closings of many retailers, restaurants, and others, Congress quickly passed a massive federal loan program to help companies keep their employees on payroll and stay afloat during the pandemic.

the Paycheck Protection Program granted refundable loans Thousands of businesses in Fresno County and the surrounding central counties of the San Joaquin Valley, all aiming to make ends meet for two months on payroll and other expenses like rent and utilities.

Approximately 19,000 companies in Fresno, Kings, Madera, Mariposa, Merced, and Tulare counties received nearly $ 2.3 billion in loans. In exchange for the loans, recipients said the money would help them keep more than 254,000 workers.

Many small businesses initially struggled to obtain credit before the first tranche of federal funds was used up within a few weeks of the program’s launch in early April. The first loans under the program were made months ago, and for many companies that have received loans – from as little as $ 166 to $ 10 million – that money has long been used up.

The House and the Senate have decided another coronavirus aid package late monday. The new $ 900 billion deal, while smaller than the massive $ 2.2 trillion CARES Act of March, includes additional unemployment benefits, direct checks for many Americans, and a new round of funding for the paycheck protection program for $ 284 billion.

That’s just over half the $ 525 billion it was provided as a loan as part of the first PPP campaign, which was officially closed in early August.

But with the pandemic now in its 10th month, spikes in new COVID-19 cases and hospital admissions are rising even faster than in the spring and summer. With a new round of comprehensive home-stay orders and business closures, the new aid package represents at least some kind of help that entrepreneurs had been hoping for from the federal government before it is too late.

Who got loans and how much?

Until the beginning of this month is the US Small Business Administration Identify details of companies that received less than $ 150,000 from the PPP during the spring and summer, as well as specific loan values ​​for companies that received loans between $ 150,000 and $ 10 million. Now the data shows exactly who got what under the paycheck protection program.

The Fresno Bee has compiled an online interactive database that allows readers to see which companies have received loans and how much they have received, and how many employees have pledged to continue making payments for two months after the loan date.

The valley’s agriculture was by far the biggest beneficiary, based on the number of loans, the total value of the loans, and the number of employees who required companies to keep paying with their loans. More than 2,200 farms, ranches, dairies and related production support companies received approximately $ 432.7 million in loans, which reportedly kept about 61,000 workers employed.

Other industrial sectors that received a total of at least $ 100 million in PPP support in the Valley were:

Construction: $ 273.8 million in 1,555 companies with 20,994 employees.

Health and social assistance: $ 266.9 million in 2,070 companies with 26,539 employees.

Manufacturing: $ 186.6 million in 752 companies with 16,063 employees.

Professional, scientific, technical services: $ 176.9 million in 1,658 companies with 16,006 employees.

Retail trade: $ 159.3 million in 1,879 companies with 18,087 employees.

Accommodation and catering: $ 122.4 million in 1,315 companies with 22,226 employees.

Wholesale: $ 118.5 million in 564 companies with 9,684 employees.

Other services: $ 102.9 million in 1,839 companies with 13,348 employees. “Other services” includes such businesses as “repairing equipment and machinery, promoting or administering religious activities, granting grants, advocating and providing dry cleaning and laundry services, personal care services, euthanasia, pet care services, photofinishing services, temporary parking services, and dating Services, ”according to the US Bureau of Labor Statistics.

Transport and Storage: $ 100.8 million in 1,335 companies with 9,313 employees.

The largest single loan recipients in the region, each receiving the maximum amount of $ 10 million Manufacturer of dairy products in Fresno and Pacific Farm Management Inc. in Madera.

Eight companies in the region received loans between $ 5 million and $ 7.5 million; 15 were between $ 4 million and $ 5 million; and 21 were between $ 3 million and $ 4 million. More than 320 companies have received loans ranging from $ 1 million to $ 3 million each.

In addition to Producers Dairy and Pacific Farm Management, the top 10 loan recipients in the region were:

  • American Incorporated, a Visalia construction company, $ 7.4 million.
  • Saladinos Inc., a grocery wholesaler in Fresno, $ 6.5 million.
  • The Diocese of Fresno Education Corporation, US $ 6.1 million.
  • Alia Corp, a Merced restaurant company operating McDonald’s fast food franchises, received $ 5.9 million.
  • Western milling, a Visalia agribusiness and feed company, received $ 5.6 million
  • RLMK Inc., a Visalia franchisee of several McDonald’s fast food restaurants, $ 5.3 million.
  • Titan Ag services, a Tipton agricultural contractor, received $ 5.3 million.
  • Exclusive Wireless Inc., a Fresno-based cell phone retailer, received $ 5.2 million.

544 of the loans were given to nonprofits, from religious institutions to health, family and social services, housing, charitable foundations, and more. In addition to the Education Corporation of the Roman Catholic Diocese, the Roman Catholic Bishop of Fresno, as a religious organization or institution, received a separate loan of $ 3.9 million.

Other notable nonprofits that received substantial PPP loans during the spring and summer were Kings View, a Fresno-based mental health service provider, $ 4.2 million; Camarena health, a Madera healthcare company, $ 4.2 million; and Valley Health Team Inc. in San Joaquin, a health center operator, received $ 3.3 million.

Non-profit organizations that are not affiliated with the operation of medical or psychiatric clinics are included Hume Lake Christian Camps Inc., $ 2 million; Blood Center in Central California in Fresno, $ 1.8 million; Inspire Charter School – Central, Fresno, $ 1.7 million; and Fresnos Chaffee Zoo Corporation, $ 1.7 million.

The lion’s share of the loans – nearly 16,000 of them – were $ 150,000 or less; combined, they totaled nearly $ 600 million and should retain more than 85,700 workers, according to program data from the SBA. 825 of them were self-employed.

The loan recipients spanned five counties from Ahwahnee in the foothills of Madera County to Woodlake in Tulare County. Businesses in Fresno, the region’s largest city, received more than 7,300 loans, approximately 39% of the total. These loans totaled nearly $ 909 million, or approximately 40% of the total value of corporate loans in the area.

This story was originally published December 22, 2020 5:00 a.m.

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A Lifelong Valley resident, Tim Sheehan has been a reporter and editor in the area since 1986 and has been with The Fresno Bee since 1998. He is currently the data reporter for The Bee and also deals with the California high-speed rail project and other transportation issues. He grew up in Madera, holds a degree in Journalism from Fresno State and a Masters in Leadership Studies from Fresno Pacific University.
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