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PPP Loan Data — GL Hmh, LLC,
Mission Hills, CA
GL Hmh, LLC
Entity: Limited Liability Company (LLC)
Industry: New Car Dealers
Location: Mission Hills, CA
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GL Hmh, LLC is a limited liability company (LLC) located at 11041 Sepulveda Blvd. in Mission Hills, California that received a Coronavirus-related PPP loan from the SBA of $3,133,417.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
229Loan Approved:
2020-04-10Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONGL Hmh, LLC in Mission Hills, CA received a Paycheck Protection Loan of $3.13M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, GL Hmh, LLC's total 2019 payroll expenses were approximately $15.04M in order to qualify for the PPP loan amount received.
Based on their reported 229 jobs retained, this equals an estimated average yearly compensation of $65,679 per employee1.
Business Information - GL Hmh, LLC in Mission Hills, CA
11041 Sepulveda Blvd.
Mission Hills, CA 91345
Business Industry
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-29Similar Companies near Mission Hills
In the Mission Hills area, 3 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 133 employees (compared to this company's 229) and received an average PPP loan of $1,775,740 (compared to this company's $3.13M).
Similar Nearby Businesses Who Received PPP Funding:
Nissan Automotive Of Mission Hills Inc
Mission Hills, CA
Khmh, Inc.
Mission Hills, CA
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, 79% lower than GL Hmh, LLC's reported 229 employees, and received an average PPP loan of $656,005, 79% lower than this company's loan of $3.13M.
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.
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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