PPP Loan Data — Curt's Classics LLC, Jonesboro, IL
Curt's Classics LLC is a corporation located at 116 Williford Rd in Jonesboro, Illinois that received a Coronavirus-related PPP loan from the SBA of $46,900.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Curt's Classics LLC in Jonesboro, IL received a Paycheck Protection Loan of $46,900 through Legence Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
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, Curt's Classics LLC's 2019 payroll expenses are estimated to be at least $225,120.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,280 per employee1
Reported PPP Proceed Usage:
On the PPP application, Curt's Classics LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,900
Business Information - Curt's Classics LLC in Jonesboro, IL
116 Williford Rd
Jonesboro, IL 62952
Used Car Dealers
NAICS code 441120
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Jonesboro
In the Jonesboro area, 3 businesses in the "Used Car Dealers" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 4) and received an average PPP loan of $20,007 (compared to this company's $46,900).
Similar Nearby Businesses Who Received PPP Funding:
Johnston City, IL
Harley F Bunting
Johnston City, IL
Industry PPP Comparison Statistics
Nationwide, 40,336 businesses in the "Used Car Dealers" industry received a total of $2.19B 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 6 employees, 50% higher than Curt's Classics LLC's reported 4 employees, and received an average PPP loan of $54,194, 16% higher than this company's loan of $46,900.
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Footnotes & Information
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