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PPP Loan Data — Creekside Auto Group, San Jose, CA

SBA PPP loan data, payroll data, and salaries for Creekside Auto Group
CA

Creekside Auto Group

Entity: Subchapter S Corporation

Industry: New Car Dealers

Location: San Jose, CA

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Creekside Auto Group is a subchapter s corporation located at 775 Capitol Expressway Auto Mall in San Jose, California that received a Coronavirus-related PPP loan from the SBA of $2,948,058.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.95M

Jobs Retained:

205

Loan Approved:

2020-04-15

Lender:

TOYOTA FINANCIAL SAVINGS BANK

Creekside Auto Group in San Jose, CA received a Paycheck Protection Loan of $2.95M through TOYOTA FINANCIAL SAVINGS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Creekside Auto Group's total 2019 payroll expenses were approximately $14.15M in order to qualify for the PPP loan amount received.

Based on their reported 205 jobs retained, this equals an estimated average yearly compensation of $69,028 per employee1.

Because the loan received by Creekside Auto Group 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 - Creekside Auto Group in San Jose, CA

Creekside Auto Group
775 Capitol Expressway Auto Mall
San Jose, CA 95136

Business Industry

New Car Dealers (NAICS code 441110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-19

Similar Companies near San Jose

In the San Jose area, 12 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 86 employees (compared to this company's 205) and received an average PPP loan of $1,237,627 (compared to this company's $2.95M).

Industry PPP Comparison Statistics

Nationwide, 16,570 businesses in the "New Car Dealers" industry received a total of $10,869,996,969.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 47 employees, 77% lower than Creekside Auto Group's reported 205 employees, and received an average PPP loan of $656,005, 78% lower than this company's loan of $2.95M.

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, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. 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/creekside-auto-group-san-jose-ca