FederalPay.org
PPP Loan Data — Doug Smith Autoplex Inc,
American Fork, UT
Doug Smith Autoplex Inc
Entity: Subchapter S Corporation
Industry: New Car Dealers
Location: American Fork, UT
Tweet This
•
Search All PPP Data
Doug Smith Autoplex Inc is a subchapter s corporation located at 501 West Main Street in American Fork, Utah that received a Coronavirus-related PPP loan from the SBA of $2,605,102.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 216 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
216Loan Approved:
2020-04-13Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONDoug Smith Autoplex Inc in American Fork, UT received a Paycheck Protection Loan of $2.61M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Doug Smith Autoplex Inc's total 2019 payroll expenses were approximately $12.5M in order to qualify for the PPP loan amount received.
Based on their reported 216 jobs retained, this equals an estimated average yearly compensation of $57,891 per employee1.
Business Information - Doug Smith Autoplex Inc in American Fork, UT
501 West Main Street
American Fork, UT 84003
Business Industry
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: UT-03Similar Companies near American Fork
In the American Fork area, 4 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 117 employees (compared to this company's 216) and received an average PPP loan of $1,454,550 (compared to this company's $2.61M).
Similar Nearby Businesses Who Received PPP Funding:
Garff Tri-City, LLC
American Fork, UT
National Buick Gmc
American Fork, UT
Garff-Af, LLC
American Fork, UT
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, 78% lower than Doug Smith Autoplex Inc's reported 216 employees, and received an average PPP loan of $656,005, 75% lower than this company's loan of $2.61M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!