PPP Loan Data — Curry Cars, LLC, Atlanta, GA
Curry Cars, LLC is a subchapter s corporation located at 5525 Peachtree Blvd in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,601,072.00 in April, 2020. This business is a Honda Automobile Division - Dealer Sales and Service Agreement franchise.
PPP Loan Information
Loan Status:Ongoing Loan
Curry Cars, LLC in Atlanta, GA received a Paycheck Protection Loan of $2.6M through Westfield 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
Understanding Payroll Estimates Based On PPP Amount
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, Curry Cars, LLC's 2019 payroll expenses are estimated to be at least $12.49M.
Based on their reported 205 jobs retained, this equals an estimated average yearly compensation of $60,903 per employee1
Reported PPP Proceed Usage:
On the PPP application, Curry Cars, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,601,072
Business Information - Curry Cars, LLC in Atlanta, GA
5525 Peachtree Blvd
Atlanta, GA 30341
New Car Dealers
NAICS code 441110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Atlanta
In the Atlanta area, 11 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 150 employees (compared to this company's 205) and received an average PPP loan of $1,957,120 (compared to this company's $2.6M).
Similar Nearby Businesses Who Received PPP Funding:
Car Point Inc
Berwyn Partners, Inc
Jim Ellis Atlanta Inc
ED Voyles Inc
RPM Motorsports Of Atlanta LLC
Tuxedo Partners Inc
Pride Imports Inc
Jim Ellis Volkswagen Inc
Industry PPP Comparison Statistics
Nationwide, 19,896 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, 75% lower than Curry Cars, LLC's reported 205 employees, and received an average PPP loan of $618,860, 76% lower than this company's loan of $2.6M.
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Footnotes & Information
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