PPP Loan Data — Dent Pro Of Modesto, Modesto, CA
Dent Pro Of Modesto
Location: Modesto, CATweet This • Search All PPP Data
Dent Pro Of Modesto is a corporation located at 3832 Saguaro Cir. in Modesto, California that received a Coronavirus-related PPP loan from the SBA of $25,078.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
Dent Pro Of Modesto in Modesto, CA received a Paycheck Protection Loan of $25,078 through Wells Fargo Bank, National Association, which was approved in May, 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 May, 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, Dent Pro Of Modesto's 2019 payroll expenses are estimated to be at least $120,374.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,187 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dent Pro Of Modesto reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,078
Business Information - Dent Pro Of Modesto in Modesto, CA
3832 Saguaro Cir.
Modesto, CA 95355
Automotive Body, Paint, and Interior Repair and Maintenance
NAICS code 811121
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Modesto
In the Modesto area, 20 businesses in the "Automotive Body, Paint, and Interior Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 2) and received an average PPP loan of $81,141 (compared to this company's $25,078).
Similar Nearby Businesses Who Received PPP Funding:
American Fleet And Auto Service Center
New Image Collision Center
Superior Paint And Auto Body Inc
Industry PPP Comparison Statistics
Nationwide, 41,993 businesses in the "Automotive Body, Paint, and Interior Repair and Maintenance" industry received a total of $2.54B 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, 200% higher than Dent Pro Of Modesto's reported 2 employees, and received an average PPP loan of $60,493, 141% higher than this company's loan of $25,078.
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