PPP Loan Data — J & A Motors LLC, Eldon, MO
J & A Motors LLC is a sole proprietorship located at 10 Allen Road in Eldon, Missouri that received a Coronavirus-related PPP loan from the SBA of $46,800.00 in August, 2020.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of St. Elizabeth
J & A Motors LLC in Eldon, MO received a Paycheck Protection Loan of $46,800 through Bank of St. Elizabeth, which was approved in August, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.
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, J & A Motors LLC's 2019 payroll expenses are estimated to be at least $224,640.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,928 per employee1
Reported PPP Proceed Usage:
On the PPP application, J & A Motors LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,800
Business Information - J & A Motors LLC in Eldon, MO
10 Allen Road
Eldon, MO 65026
Used Car Dealers
NAICS code 441120
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Eldon
In the Eldon area, 12 businesses in the "Used Car Dealers" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 5) and received an average PPP loan of $256,424 (compared to this company's $46,800).
Similar Nearby Businesses Who Received PPP Funding:
Fritchey Auto Sales LLC
Lloyd Belt Automotive, LLC
Barklage Motor Sales LLC
S&S Used Auto
S&S Used Auto Sales, LLC
Payday Mtrs LLC
Industry PPP Comparison Statistics
Nationwide, 40,336 businesses in the "Used Car Dealers" industry received a total of $2.19B 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 6 employees, 20% higher than J & A Motors LLC's reported 5 employees, and received an average PPP loan of $54,194, 16% higher than this company's loan of $46,800.
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Footnotes & Information
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