PPP Loan Data — Greenway Chrysler, Jeep, Dodge, Inc, Orlando, FL
Greenway Chrysler, Jeep, Dodge, Inc is a corporation located at 9051 E Colonial Dr in Orlando, Florida that received a Coronavirus-related PPP loan from the SBA of $2,417,800.00 in April, 2020. This business is a Chrysler - Sales and Service Agreement franchise.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Bank of Boaz
Greenway Chrysler, Jeep, Dodge, Inc in Orlando, FL received a Paycheck Protection Loan of $2.42M through First Bank of Boaz, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Greenway Chrysler, Jeep, Dodge, Inc's 2019 payroll expenses are estimated to be at least $11.61M.
Based on their reported 265 jobs retained, this equals an estimated average yearly compensation of $43,794 per employee1
Reported PPP Proceed Usage:
On the PPP application, Greenway Chrysler, Jeep, Dodge, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,250,000
- Utilities: $77,800
- Rent: $90,000
Business Information - Greenway Chrysler, Jeep, Dodge, Inc in Orlando, FL
9051 E Colonial Dr
Orlando, FL 32817
New Car Dealers
NAICS code 441110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Orlando
In the Orlando area, 11 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 114 employees (compared to this company's 265) and received an average PPP loan of $1,022,685 (compared to this company's $2.42M).
Similar Nearby Businesses Who Received PPP Funding:
Shoals Auto Acquisitions Inc
Jacksonville Auto Acquisitions
Greenway Ford, Inc
Houston Auto Acquisitions Inc
Carl Black Of Orlando, LLC
Rome Auto Acquisitions Inc
City Cars Auto Sales Inc
Sutherlin Nissan Vero Beach Inc
Industry PPP Comparison Statistics
Nationwide, 19,896 businesses in the "New Car Dealers" industry received a total of $12.31B 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 52 employees, 80% lower than Greenway Chrysler, Jeep, Dodge, Inc's reported 265 employees, and received an average PPP loan of $618,860, 74% lower than this company's loan of $2.42M.
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Footnotes & Information
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