PPP Loan Data — Can Am Auto Importers, Inc, Kenmore, NY
Can Am Auto Importers, Inc
Entity: Subchapter S Corporation
Location: Kenmore, NYTweet This • Search All PPP Data
Can Am Auto Importers, Inc is a subchapter s corporation located at 1304 Military Rd Suite 2 in Kenmore, New York that received a Coronavirus-related PPP loan from the SBA of $46,940.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Manufacturers and Traders Trust Company
Can Am Auto Importers, Inc in Kenmore, NY received a Paycheck Protection Loan of $46,940 through Manufacturers and Traders Trust Company, 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
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, Can Am Auto Importers, Inc's 2019 payroll expenses are estimated to be at least $225,312.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,328 per employee1
Reported PPP Proceed Usage:
On the PPP application, Can Am Auto Importers, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $37,008
- Utilities: $1,598
- Rent: $4,500
- Health Care: $3,834
Business Information - Can Am Auto Importers, Inc in Kenmore, NY
1304 Military Rd Suite 2
Kenmore, NY 14217
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Kenmore
In the Kenmore area, 20 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 4) and received an average PPP loan of $19,749 (compared to this company's $46,940).
Similar Nearby Businesses Who Received PPP Funding:
Richard Lecker III
Baron Optical Services Inc
Buffalo Synapse Support LLC
Paul D Weiss
Industry PPP Comparison Statistics
Nationwide, 129,763 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.41B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 25% higher than Can Am Auto Importers, Inc's reported 4 employees, and received an average PPP loan of $57,091, 22% higher than this company's loan of $46,940.
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Footnotes & Information
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