PPP Loan Data — Dealer Payroll Services Corp, Huntington, NY
Dealer Payroll Services Corp is a partnership located at 1055 E Jericho Turnpike in Huntington, New York that received a Coronavirus-related PPP loan from the SBA of $5,668,752.00 in April, 2020.
$ PPP Loan Information
Lender:TD BANK, NATIONAL ASSOCIATION
Dealer Payroll Services Corp in Huntington, NY received a Paycheck Protection Loan of $5.67M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Dealer Payroll Services Corp's total 2019 payroll expenses were approximately $27.21M in order to qualify for the PPP loan amount received.
Based on their reported 485 jobs retained, this equals an estimated average yearly compensation of $56,103 per employee1.
Business Information - Dealer Payroll Services Corp in Huntington, NY
1055 E Jericho Turnpike
Huntington, NY 11743
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-03
Similar Companies near Huntington
In the Huntington area, 11 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 90 employees (compared to this company's 485) and received an average PPP loan of $1,264,946 (compared to this company's $5.67M).
Similar Nearby Businesses Who Received PPP Funding:
Huntington Hyundai Inc.
Competition Imports Of Huntington, Inc
Berlinetta Racing Cars LTD
JM North Shore LLC
Huntington Jeep Chrysler, Inc.
JM Jericho Motors LLC
JLR Huntington, LLC
JM Huntington Motors
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, 90% lower than Dealer Payroll Services Corp's reported 485 employees, and received an average PPP loan of $656,005, 88% lower than this company's loan of $5.67M.
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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