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

PPP Loan Data — Campus Auto Sales Inc, Cape Girardeau, MO

SBA PPP loan data, payroll data, and salaries for Campus Auto Sales Inc
MO

Campus Auto Sales Inc

Entity: Corporation

Industry: Tire Dealers

Location: Cape Girardeau, MO

Search All PPP Data

Campus Auto Sales Inc is a corporation located at 1404 Independence St in Cape Girardeau, Missouri that received a Coronavirus-related PPP loan from the SBA of $80,600.00 in April, 2020.

$ PPP Loan Information Loan #8358057010

Loan Size:

$80,600

Jobs Retained:

11

Loan Approved:

2020-04-08

Loan Status:

Paid in Full or Forgiven

Lender:

Commerce Bank

Campus Auto Sales Inc in Cape Girardeau, MO received a Paycheck Protection Loan of $80,600 through Commerce Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.

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, Campus Auto Sales Inc's 2019 payroll expenses are estimated to be at least $386,880.

Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $35,171 per employee1

Reported PPP Proceed Usage:

On the PPP application, Campus Auto Sales Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $71,300
  • Utilities: $9,300

Business Information - Campus Auto Sales Inc in Cape Girardeau, MO

Campus Auto Sales Inc
1404 Independence St
Cape Girardeau, MO 63703

Business Industry:
Tire Dealers
NAICS code 441320

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: N

HUBZone: N

Rural / Urban: Rural

Cape Girardeau County, MO — SBA Office 0768 — Congressional District: MO-08

Similar Companies near Cape Girardeau

In the Cape Girardeau area, 2 businesses in the "Tire Dealers" industry received a PPP loan. These local businesses reported an average of 256 employees (compared to this company's 11) and received an average PPP loan of $2,792,050 (compared to this company's $80,600).

Similar Nearby Businesses Who Received PPP Funding:

Plaza Tire Service, Inc
Cape Girardeau, MO

$5.5M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 7,658 businesses in the "Tire Dealers" industry received a total of $765,400,899.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 11 employees, the same amount reported by Campus Auto Sales Inc and received an average PPP loan of $99,948, 24% higher than this company's loan of $80,600.

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.


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/campus-auto-sales-inc-cape-girardeau-mo