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PPP Loan Data — Crown Eurocars, Inc.,
Pinellas Park, FL
Crown Eurocars, Inc.
Entity: Subchapter S Corporation
Industry: New Car Dealers
Location: Pinellas Park, FL
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Crown Eurocars, Inc. is a subchapter s corporation located at 7671 Us Highway 19 N in Pinellas Park, Florida that received a Coronavirus-related PPP loan from the SBA of $3,050,450.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
223Loan Approved:
2020-04-14Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONCrown Eurocars, Inc. in Pinellas Park, FL received a Paycheck Protection Loan of $3.05M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Crown Eurocars, Inc.'s total 2019 payroll expenses were approximately $14.64M in order to qualify for the PPP loan amount received.
Based on their reported 223 jobs retained, this equals an estimated average yearly compensation of $65,660 per employee1.
Business Information - Crown Eurocars, Inc. in Pinellas Park, FL
7671 Us Highway 19 N
Pinellas Park, FL 33781
Business Industry
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: FL-13Similar Companies near Pinellas Park
In the Pinellas Park area, 4 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 76 employees (compared to this company's 223) and received an average PPP loan of $1,062,304 (compared to this company's $3.05M).
Similar Nearby Businesses Who Received PPP Funding:
DEW Cadillac, Inc.
Pinellas Park, FL
Fast Eddie's Slot Car & Raceway LLC
Pinellas Park, FL
Tampa Bay Luxury Imports, LLC
Pinellas Park, FL
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, 79% lower than Crown Eurocars, Inc.'s reported 223 employees, and received an average PPP loan of $656,005, 78% lower than this company's loan of $3.05M.
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.
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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