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PPP Loan Data — Hannah Motor Company, Vancouver, WA

SBA PPP loan data, payroll data, and salaries for Hannah Motor Company
WA

Hannah Motor Company

Entity: Corporation

Industry: New Car Dealers

Location: Vancouver, WA

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Hannah Motor Company is a corporation located at 3321 Ne Auto Mall Dr in Vancouver, Washington that received a Coronavirus-related PPP loan from the SBA of $8,052,015.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$8.05M

Jobs Retained:

500

Loan Approved:

2020-05-01

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Hannah Motor Company received a Paycheck Protection Loan of $8.05M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Hannah Motor Company's total 2019 payroll expenses were approximately $38.65M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $77,299 per employee1.

Because the loan received by Hannah Motor Company is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Hannah Motor Company in Vancouver, WA

Hannah Motor Company
3321 Ne Auto Mall Dr
Vancouver, WA 98662

Business Industry

New Car Dealers (NAICS code 441110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WA-03

Similar Companies near Vancouver

In the Vancouver area, 5 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 200 employees (compared to this company's 500) and received an average PPP loan of $2,562,658 (compared to this company's $8.05M).

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, 91% lower than Hannah Motor Company's reported 500 employees, and received an average PPP loan of $656,005, 92% lower than this company's loan of $8.05M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/hannah-motor-company-vancouver-wa