PPP Loan Data — Bell's Trucks And Vans Inc, Sun Valley, CA
Bell's Trucks And Vans Inc is a corporation located at 11644 Sheldon St in Sun Valley, California that received a Coronavirus-related PPP loan from the SBA of $46,360.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Bell's Trucks And Vans Inc in Sun Valley, CA received a Paycheck Protection Loan of $46,360 through JPMorgan Chase Bank, National Association, 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, Bell's Trucks And Vans Inc's 2019 payroll expenses are estimated to be at least $222,528.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $24,725 per employee1
Reported PPP Proceed Usage:
On the PPP application, Bell's Trucks And Vans Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $37,087
- Rent: $9,273
Business Information - Bell's Trucks And Vans Inc in Sun Valley, CA
11644 Sheldon St
Sun Valley, CA 91352
New Car Dealers
NAICS code 441110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Sun Valley
In the Sun Valley area, 5 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 9) and received an average PPP loan of $28,001 (compared to this company's $46,360).
Similar Nearby Businesses Who Received PPP Funding:
Sun Valley, CA
Speed Demon Motorcycles LLC
Canyon Country, CA
Valencia Volvo Independent
Santa Clarita, CA
Toyota World Inc
Sun Valley, CA
Industry PPP Comparison Statistics
Nationwide, 19,896 businesses in the "New Car Dealers" industry received a total of $12.31B 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 52 employees, 478% higher than Bell's Trucks And Vans Inc's reported 9 employees, and received an average PPP loan of $618,860, 1235% higher than this company's loan of $46,360.
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Footnotes & Information
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