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PPP Loan Data — Galpin Jaguar Lincoln Mercury, Van Nuys, CA

SBA PPP loan data, payroll data, and salaries for Galpin Jaguar Lincoln Mercury
CA

Galpin Jaguar Lincoln Mercury

Entity: Corporation

Industry: New Car Dealers

Location: Van Nuys, CA

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Galpin Jaguar Lincoln Mercury is a corporation located at 15500 Roscoe Blvd in Van Nuys, California that received a Coronavirus-related PPP loan from the SBA of $3,988,100.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.99M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-14

Lender:

SUNWEST BANK

Galpin Jaguar Lincoln Mercury in Van Nuys, CA received a Paycheck Protection Loan of $3.99M through SUNWEST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Galpin Jaguar Lincoln Mercury's total 2019 payroll expenses were approximately $19.14M in order to qualify for the PPP loan amount received.

Unlike most businesses, Galpin Jaguar Lincoln Mercury's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Galpin Jaguar Lincoln Mercury 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 - Galpin Jaguar Lincoln Mercury in Van Nuys, CA

Galpin Jaguar Lincoln Mercury
15500 Roscoe Blvd
Van Nuys, CA 91406

Business Industry

New Car Dealers (NAICS code 441110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-30

Similar Companies near Van Nuys

In the Van Nuys area, 5 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 0) and received an average PPP loan of $832,792 (compared to this company's $3.99M).

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, and received an average PPP loan of $656,005, 84% lower than this company's loan of $3.99M.

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.

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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/galpin-jaguar-lincoln-mercury-van-nuys-ca