PPP Loan Data — Essenburg Car Wash Of Holland, Holland, MI
Essenburg Car Wash Of Holland is a subchapter s corporation located at 661 E Lakewood Blvd in Holland, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,591,200.00 in April, 2020.
$ PPP Loan Information
Lender:OLD NATIONAL BANK
Essenburg Car Wash Of Holland in Holland, MI received a Paycheck Protection Loan of $2.59M through OLD NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Essenburg Car Wash Of Holland's total 2019 payroll expenses were approximately $12.44M in order to qualify for the PPP loan amount received.
Based on their reported 352 jobs retained, this equals an estimated average yearly compensation of $35,335 per employee1.
Business Information - Essenburg Car Wash Of Holland in Holland, MI
661 E Lakewood Blvd
Holland, MI 49424
Car Washes (NAICS code 811192)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-02
Similar Companies near Holland
In the Holland area, 2 businesses in the "Car Washes" industry received a PPP loan. These local businesses reported an average of 178 employees (compared to this company's 352) and received an average PPP loan of $1,307,580 (compared to this company's $2.59M).
Similar Nearby Businesses Who Received PPP Funding:
Winterhawk Enterprises, LLC
Industry PPP Comparison Statistics
Nationwide, 9,010 businesses in the "Car Washes" industry received a total of $517,495,456.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 97% lower than Essenburg Car Wash Of Holland's reported 352 employees, and received an average PPP loan of $57,436, 98% lower than this company's loan of $2.59M.
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!