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PPP Loan Data — Hyundai Subaru Of Nashville, Inc., Nashville, TN

SBA PPP loan data, payroll data, and salaries for Hyundai Subaru Of Nashville, Inc.
TN

Hyundai Subaru Of Nashville, Inc.

Entity: Subchapter S Corporation

Industry: New Car Dealers

Location: Nashville, TN

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Hyundai Subaru Of Nashville, Inc. is a subchapter s corporation located at 1512 Broadway in Nashville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $784,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$784,000

Jobs Retained:

62

Loan Approved:

2020-04-09

Lender:

FRANKLIN BANK & TRUST COMPANY

Hyundai Subaru Of Nashville, Inc. received a Paycheck Protection Loan of $784,000 through FRANKLIN BANK & TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Hyundai Subaru Of Nashville, Inc.'s total 2019 payroll expenses were approximately $3.76M in order to qualify for the PPP loan amount received.

Based on their reported 62 jobs retained, this equals an estimated average yearly compensation of $60,697 per employee1.

Business Information - Hyundai Subaru Of Nashville, Inc. in Nashville, TN

Hyundai Subaru Of Nashville, Inc.
1512 Broadway
Nashville, TN 37203

Business Industry

New Car Dealers (NAICS code 441110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TN-05

Similar Companies near Nashville

In the Nashville area, 3 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 164 employees (compared to this company's 62) and received an average PPP loan of $1,924,581 (compared to this company's $784,000).

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, 24% lower than Hyundai Subaru Of Nashville, Inc.'s reported 62 employees, and received an average PPP loan of $656,005, 16% lower than this company's loan of $784,000.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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/hyundai-subaru-of-nashville-inc-nashville-tn