PPP Loan Data — Crystal Motor Car Company, Inc., Homosassa, FL
Crystal Motor Car Company, Inc. is a corporation located at 937 S Suncoast Blvd in Homosassa, Florida that received a Coronavirus-related PPP loan from the SBA of $4,659,300.00 in April, 2020.
$ PPP Loan Information
Crystal Motor Car Company, Inc. received a Paycheck Protection Loan of $4.66M through BBVA USA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Crystal Motor Car Company, Inc.'s total 2019 payroll expenses were approximately $22.36M in order to qualify for the PPP loan amount received.
Based on their reported 359 jobs retained, this equals an estimated average yearly compensation of $62,297 per employee1.
Business Information - Crystal Motor Car Company, Inc. in Homosassa, FL
937 S Suncoast Blvd
Homosassa, FL 34448
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-11
Similar Companies near Homosassa
In the Homosassa area, 4 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 123 employees (compared to this company's 359) and received an average PPP loan of $1,752,722 (compared to this company's $4.66M).
Similar Nearby Businesses Who Received PPP Funding:
Eagle Buick Gmc, Inc
Village Motor Sales, Inc.
Love Motors, Inc.
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, 87% lower than Crystal Motor Car Company, Inc.'s reported 359 employees, and received an average PPP loan of $656,005, 86% lower than this company's loan of $4.66M.
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.
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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