PPP Loan Data — Halo Motor Company, Carlsbad, CA
Halo Motor Company is a subchapter s corporation located at 5444 Paseo Del Norte in Carlsbad, California that received a Coronavirus-related PPP loan from the SBA of $3,253,548.00 in April, 2020.
$ PPP Loan Information
Lender:TOYOTA FINANCIAL SAVINGS BANK
Halo Motor Company received a Paycheck Protection Loan of $3.25M through TOYOTA FINANCIAL SAVINGS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Halo Motor Company's total 2019 payroll expenses were approximately $15.62M in order to qualify for the PPP loan amount received.
Based on their reported 244 jobs retained, this equals an estimated average yearly compensation of $64,004 per employee1.
Business Information - Halo Motor Company in Carlsbad, CA
5444 Paseo Del Norte
Carlsbad, CA 92009
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-49
Similar Companies near Carlsbad
In the Carlsbad area, 8 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 153 employees (compared to this company's 244) and received an average PPP loan of $2,142,877 (compared to this company's $3.25M).
Similar Nearby Businesses Who Received PPP Funding:
Michi Suzuki & Associates, Inc
Bob Baker Volkswagen
Bob Baker Automotive Inc
The Hoehn Company Inc.
Weseloh Motors, Inc.
Hoehn Motors Inc.
Oceanside Auto Country, Inc.
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 Halo Motor Company's reported 244 employees, and received an average PPP loan of $656,005, 80% lower than this company's loan of $3.25M.
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Footnotes & Information
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