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PPP Loan Data — Countyline Auto Center Inc, Hollywood, FL

SBA PPP loan data, payroll data, and salaries for Countyline Auto Center Inc



Countyline Auto Center Inc

Entity: Subchapter S Corporation

Industry: New Car Dealers

Franchise: Lexus Dealer Agreement

Location: Hollywood, FL

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Countyline Auto Center Inc is a subchapter s corporation located at 1841 N State Road 7 in Hollywood, Florida that received a Coronavirus-related PPP loan from the SBA of $5,823,078.00 in April, 2020. This business is a Lexus Dealer Agreement franchise.

The company has reported itself as a White male owned business, and employed at least 474 people during the applicable loan loan period.

$ PPP Loan Information
Loan #1872167205

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Ongoing Loan


Toyota Financial Savings Bank

Countyline Auto Center Inc in Hollywood, FL received a Paycheck Protection Loan of $5.82M through Toyota Financial Savings Bank, 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, Countyline Auto Center Inc's 2019 payroll expenses are estimated to be at least $27.95M.

Based on their reported 474 jobs retained, this equals an estimated average yearly compensation of $58,968 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $5,823,078
Because the loan received by Countyline Auto Center Inc 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 - Countyline Auto Center Inc in Hollywood, FL

Countyline Auto Center Inc
1841 N State Road 7
Hollywood, FL 33021

Business Industry:
New Car Dealers
NAICS code 441110

Business Owner Demographics

Race: White

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Broward County, FL — SBA Office 0455 — Congressional District: FL-23

Businesses Using Same Address:

There are 3 other businesses that received a PPP loan registered to the same address as Countyline Auto Center Inc.

The Craig Collection LTD Inc
New Car Dealers

$52,714 PPP Loan

New Car Dealers

$810,323 PPP Loan

Triangle Auto Center Inc
New Car Dealers

$2.93M PPP Loan

Similar Companies near Hollywood

In the Hollywood area, 13 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 85 employees (compared to this company's 474) and received an average PPP loan of $983,142 (compared to this company's $5.82M).

Industry PPP Comparison Statistics

Nationwide, 19,844 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, 89% lower than Countyline Auto Center Inc's reported 474 employees, and received an average PPP loan of $620,298, 89% lower than this company's loan of $5.82M.

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.

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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 - The Civil Employee's Resource **