PPP Loan Data — GEE Automotive Liberty Lake, LLC, Liberty Lake, WA
GEE Automotive Liberty Lake, LLC is a limited liability company (LLC) located at 21502 E George Gee Ave in Liberty Lake, Washington that received a Coronavirus-related PPP loan from the SBA of $2,137,147.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
GEE Automotive Liberty Lake, LLC in Liberty Lake, WA received a Paycheck Protection Loan of $2.14M through Heritage Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, GEE Automotive Liberty Lake, LLC's 2019 payroll expenses are estimated to be at least $10.26M.
Based on their reported 162 jobs retained, this equals an estimated average yearly compensation of $63,323 per employee1
Reported PPP Proceed Usage:
On the PPP application, GEE Automotive Liberty Lake, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,137,147
Business Information - GEE Automotive Liberty Lake, LLC in Liberty Lake, WA
21502 E George Gee Ave
Liberty Lake, WA 99019
Used Car Dealers
NAICS code 441120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 40,336 businesses in the "Used Car Dealers" industry received a total of $2.19B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 6 employees, 96% lower than GEE Automotive Liberty Lake, LLC's reported 162 employees, and received an average PPP loan of $54,194, 97% lower than this company's loan of $2.14M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!