PPP Loan Data — Dale Spradley Motors, Inc, Pueblo, CO
Dale Spradley Motors, Inc is a corporation located at 2828 W Us Hwy 50 in Pueblo, Colorado that received a Coronavirus-related PPP loan from the SBA of $1,630,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Chisholm Trail State Bank
Dale Spradley Motors, Inc in Pueblo, CO received a Paycheck Protection Loan of $1.63M through Chisholm Trail State 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 March, 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, Dale Spradley Motors, Inc's 2019 payroll expenses are estimated to be at least $7.83M.
Based on their reported 145 jobs retained, this equals an estimated average yearly compensation of $53,988 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dale Spradley Motors, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,630,900
Business Information - Dale Spradley Motors, Inc in Pueblo, CO
2828 W Us Hwy 50
Pueblo, CO 81008
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 Pueblo
In the Pueblo area, 4 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 84 employees (compared to this company's 145) and received an average PPP loan of $957,942 (compared to this company's $1.63M).
Similar Nearby Businesses Who Received PPP Funding:
C.s.i. Motors Inc
Fitz Motors Inc
Solon Automotive LLC
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, 64% lower than Dale Spradley Motors, Inc's reported 145 employees, and received an average PPP loan of $618,860, 62% lower than this company's loan of $1.63M.
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Footnotes & Information
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