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PPP Loan Data — Finchey Corporation Of California, Glendale, CA

SBA PPP loan data, payroll data, and salaries for Finchey Corporation Of California
CA

Finchey Corporation Of California

Entity: Corporation

Industry: New Car Dealers

Location: Glendale, CA

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Finchey Corporation Of California is a corporation located at 800 South Brand Blvd in Glendale, California that received a Coronavirus-related PPP loan from the SBA of $3,000,347.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3M

Jobs Retained:

217

Loan Approved:

2020-04-14

Lender:

BMW BANK OF NORTH AMERICA, INC.

Finchey Corporation Of California in Glendale, CA received a Paycheck Protection Loan of $3M through BMW BANK OF NORTH AMERICA, INC., which was approved in April, 2020.

Based on standard PPP eligibility rules, Finchey Corporation Of California's total 2019 payroll expenses were approximately $14.4M in order to qualify for the PPP loan amount received.

Based on their reported 217 jobs retained, this equals an estimated average yearly compensation of $66,367 per employee1.

Because the loan received by Finchey Corporation Of California is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Finchey Corporation Of California in Glendale, CA

Finchey Corporation Of California
800 South Brand Blvd
Glendale, CA 91204

Business Industry

New Car Dealers (NAICS code 441110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-28

Similar Companies near Glendale

In the Glendale area, 13 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 80 employees (compared to this company's 217) and received an average PPP loan of $1,224,819 (compared to this company's $3M).

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 Finchey Corporation Of California's reported 217 employees, and received an average PPP loan of $656,005, 78% lower than this company's loan of $3M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/finchey-corporation-of-california-glendale-ca