PPP Loan Data — Gulf Coast Ford, LTD, Angleton, TX
Gulf Coast Ford, LTD is a limited liability company (LLC) located at 3100 North Highway 288 in Angleton, Texas that received a Coronavirus-related PPP loan from the SBA of $2,717,200.00 in April, 2020.
$ PPP Loan Information
Lender:TEXAS DOW EMPL CU
Gulf Coast Ford, LTD received a Paycheck Protection Loan of $2.72M through TEXAS DOW EMPL CU, which was approved in April, 2020.
Based on standard PPP eligibility rules, Gulf Coast Ford, LTD's total 2019 payroll expenses were approximately $13.04M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $52,170 per employee1.
Business Information - Gulf Coast Ford, LTD in Angleton, TX
3100 North Highway 288
Angleton, TX 77515
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-14
Similar Companies near Angleton
In the Angleton area, 2 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 139 employees (compared to this company's 250) and received an average PPP loan of $1,512,400 (compared to this company's $2.72M).
Similar Nearby Businesses Who Received PPP Funding:
Chastang Enterprises - Angleton, LLC
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, 81% lower than Gulf Coast Ford, LTD's reported 250 employees, and received an average PPP loan of $656,005, 76% lower than this company's loan of $2.72M.
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Footnotes & Information
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