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

PPP Loan Data — Casale Auto Sales And Auto Body Inc, Johnston, RI

ALERT: There are 2 PPP loans for a total of $63,058 in our database for businesses with the name "Casale Auto Sales And Auto Body Inc" in Johnston, RI. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Casale Auto Sales And Auto Body Inc
RI

Casale Auto Sales And Auto Body Inc

Entity: Subchapter S Corporation

Industry: Automobile and Other Motor Vehicle Merchant Wholesalers

Location: Johnston, RI

Search All PPP Data

Casale Auto Sales And Auto Body Inc is a subchapter s corporation located at 2741 Hartford Ave in Johnston, Rhode Island that received a Coronavirus-related PPP loan from the SBA of $37,958.00 in February, 2021.

$ PPP Loan Information
Loan #1955598403

Loan Size:

$37,958

Jobs Retained:

9

Loan Approved:

2021-02-02

Loan Status:

Ongoing Loan

Lender:

Citizens Bank, National Association

Casale Auto Sales And Auto Body Inc in Johnston, RI received a Paycheck Protection Loan of $37,958 through Citizens Bank, National Association, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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, Casale Auto Sales And Auto Body Inc's 2019 payroll expenses are estimated to be at least $182,198.

Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $20,244 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $37,954
  • Utilities: $1

Business Information - Casale Auto Sales And Auto Body Inc in Johnston, RI

Casale Auto Sales And Auto Body Inc
2741 Hartford Ave
Johnston, RI 2919

Business Industry:
Automobile and Other Motor Vehicle Merchant Wholesalers
NAICS code 423110

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: Urban

Providence County, RI — SBA Office 0165 — Congressional District: RI-02

Similar Companies near Johnston

In the Johnston area, 9 businesses in the "Automobile and Other Motor Vehicle Merchant Wholesalers" 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 $20,851 (compared to this company's $37,958).

Industry PPP Comparison Statistics

Nationwide, 10,057 businesses in the "Automobile and Other Motor Vehicle Merchant Wholesalers" industry received a total of $989.93M 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 9 employees, the same amount reported by Casale Auto Sales And Auto Body Inc and received an average PPP loan of $98,432, 159% higher than this company's loan of $37,958.

SBA PPP loan data, payroll data, and salaries for Casale Auto Sales And Auto Body, Inc
RI

Casale Auto Sales And Auto Body, Inc

Entity: Subchapter S Corporation

Industry: Automobile and Other Motor Vehicle Merchant Wholesalers

Location: Johnston, RI

Search All PPP Data

Casale Auto Sales And Auto Body, Inc is a subchapter s corporation located at 2741 Hartford Ave in Johnston, Rhode Island that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.

$ PPP Loan Information
Loan #2716177200

Loan Size:

$25,100

Jobs Retained:

2

Loan Approved:

2020-04-16

Loan Status:

Ongoing Loan

Lender:

Citizens Bank, National Association

Casale Auto Sales And Auto Body, Inc in Johnston, RI received a Paycheck Protection Loan of $25,100 through Citizens Bank, National Association, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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, Casale Auto Sales And Auto Body, Inc's 2019 payroll expenses are estimated to be at least $120,480.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,240 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $25,100

Business Information - Casale Auto Sales And Auto Body, Inc in Johnston, RI

Casale Auto Sales And Auto Body, Inc
2741 Hartford Ave
Johnston, RI 2919

Business Industry:
Automobile and Other Motor Vehicle Merchant Wholesalers
NAICS code 423110

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: Urban

Providence County, RI — SBA Office 0165 — Congressional District: RI-02

Similar Companies near Johnston

In the Johnston area, 9 businesses in the "Automobile and Other Motor Vehicle Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $20,851 (compared to this company's $25,100).

Industry PPP Comparison Statistics

Nationwide, 10,057 businesses in the "Automobile and Other Motor Vehicle Merchant Wholesalers" industry received a total of $989.93M 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 9 employees, 350% higher than Casale Auto Sales And Auto Body, Inc's reported 2 employees, and received an average PPP loan of $98,432, 292% higher than this company's loan of $25,100.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/casale-auto-sales-and-auto-body-inc-johnston-ri