FL

Garber Delray, Inc

Entity: Subchapter S Corporation

Industry: New Car Dealers

Location: Delray Beach, FL

Tweet This • Search All PPP Data

Garber Delray, Inc is a subchapter s corporation located at 2400 S Federal Hwy in Delray Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $1,015,102.00 in April, 2020.

$ PPP Loan Information

Garber Delray, Inc received a Paycheck Protection Loan of $1.02M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Garber Delray, Inc's total 2019 payroll expenses were approximately $4.87M in order to qualify for the PPP loan amount received.

Based on their reported 72 jobs retained, this equals an estimated average yearly compensation of $67,673 per employee¹.

Business Information - Garber Delray, Inc in Delray Beach, FL

Similar Companies near Delray Beach

In the Delray Beach area, 11 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 105 employees (compared to this company's 72) and received an average PPP loan of $1,824,908 (compared to this company's $1.02M).

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, 35% lower than Garber Delray, Inc's reported 72 employees, and received an average PPP loan of $656,005, 35% lower than this company's loan of $1.02M.