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

PPP Loan Data — Bartow Ford Co, Bartow, FL

SBA PPP loan data, payroll data, and salaries for Bartow Ford Co
FL

Bartow Ford Co

Entity: Corporation

Industry: New Car Dealers

Location: Bartow, FL

Search All PPP Data

Bartow Ford Co is a corporation located at 2800 Us Highway 98 N in Bartow, Florida that received a Coronavirus-related PPP loan from the SBA of $3,161,617.00 in April, 2020.

The company has reported itself as a Hispanic male owned business, and employed at least 248 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.16M

Jobs Retained:

248

Loan Approved:

2020-04-10

Lender:

CITIZENS BANK AND TRUST

Bartow Ford Co received a Paycheck Protection Loan of $3.16M through CITIZENS BANK AND TRUST, which was approved in April, 2020.

Based on standard PPP eligibility rules, Bartow Ford Co's total 2019 payroll expenses were approximately $15.18M in order to qualify for the PPP loan amount received.

Based on their reported 248 jobs retained, this equals an estimated average yearly compensation of $61,193 per employee1.

Because the loan received by Bartow Ford Co 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 - Bartow Ford Co in Bartow, FL

Bartow Ford Co
2800 Us Highway 98 N
Bartow, FL 33830

Business Industry

New Car Dealers (NAICS code 441110)

Business Owner Demographics

Race / Ethnicity: HISPANIC

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: FL-17

Similar Companies near Bartow

In the Bartow area, 4 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 97 employees (compared to this company's 248) and received an average PPP loan of $1,324,082 (compared to this company's $3.16M).

Industry PPP Comparison Statistics

Nationwide, 16,570 businesses in the "New Car Dealers" industry received a total of $10,869,996,969.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 47 employees, 81% lower than Bartow Ford Co's reported 248 employees, and received an average PPP loan of $656,005, 79% lower than this company's loan of $3.16M.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/bartow-ford-co-bartow-fl