PPP Loan Data — Henry Brown Auto Group LLC, Gilbert, AZ
Henry Brown Auto Group LLC is a subchapter s corporation located at 1550 E Drivers Way 0.0 in Gilbert, Arizona that received a Coronavirus-related PPP loan from the SBA of $3,080,299.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Henry Brown Auto Group LLC in Gilbert, AZ received a Paycheck Protection Loan of $3.08M through JPMorgan Chase Bank, National Association, which was approved in April, 2020.
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, Henry Brown Auto Group LLC's 2019 payroll expenses are estimated to be at least $14.79M.
Based on their reported 268 jobs retained, this equals an estimated average yearly compensation of $55,170 per employee1
Reported PPP Proceed Usage:
On the PPP application, Henry Brown Auto Group LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,080,299
Business Information - Henry Brown Auto Group LLC in Gilbert, AZ
1550 E Drivers Way 0.0
Gilbert, AZ 85297
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 Gilbert
In the Gilbert area, 10 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 106 employees (compared to this company's 268) and received an average PPP loan of $1,205,887 (compared to this company's $3.08M).
Similar Nearby Businesses Who Received PPP Funding:
Horne Motors Of Gilbert, LLC
Autobahn Gilbert LLC
Earnhardt V, Inc
Bill Luke Santan LLC
San Tan Hyundai, Inc
Industry PPP Comparison Statistics
Nationwide, 19,428 businesses in the "New Car Dealers" industry received a total of $12.12B 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 53 employees, 80% lower than Henry Brown Auto Group LLC's reported 268 employees, and received an average PPP loan of $623,790, 80% lower than this company's loan of $3.08M.
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Footnotes & Information
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