PPP Loan Data — Fred Haas Motors, LTD, Spring, TX
Fred Haas Motors, LTD is a partnership located at 20400 Interstate 45 in Spring, Texas that received a Coronavirus-related PPP loan from the SBA of $4,474,000.00 in April, 2020.
$ PPP Loan Information
Fred Haas Motors, LTD received a Paycheck Protection Loan of $4.47M through COMERICA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Fred Haas Motors, LTD's total 2019 payroll expenses were approximately $21.48M in order to qualify for the PPP loan amount received.
Based on their reported 353 jobs retained, this equals an estimated average yearly compensation of $60,836 per employee1.
Business Information - Fred Haas Motors, LTD in Spring, TX
20400 Interstate 45
Spring, TX 77373
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-02
Similar Companies near Spring
In the Spring area, 3 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 118 employees (compared to this company's 353) and received an average PPP loan of $2,090,732 (compared to this company's $4.47M).
Similar Nearby Businesses Who Received PPP Funding:
Potamkin North Freeway Hy, LP
Northside Imports, LLC
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, 87% lower than Fred Haas Motors, LTD's reported 353 employees, and received an average PPP loan of $656,005, 85% lower than this company's loan of $4.47M.
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Footnotes & Information
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