PPP Loan Data — Jack Giambolvo Motor Co., Inc., York, PA
Jack Giambolvo Motor Co., Inc. is a corporation located at 1390 Eden Road in York, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,747,207.00 in April, 2020.
$ PPP Loan Information
Jack Giambolvo Motor Co., Inc. received a Paycheck Protection Loan of $2.75M through RIVERVIEW BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Jack Giambolvo Motor Co., Inc.'s total 2019 payroll expenses were approximately $13.19M in order to qualify for the PPP loan amount received.
Based on their reported 256 jobs retained, this equals an estimated average yearly compensation of $51,510 per employee1.
Business Information - Jack Giambolvo Motor Co., Inc. in York, PA
1390 Eden Road
York, PA 17402
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-10
Similar Companies near York
In the York area, 6 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 75 employees (compared to this company's 256) and received an average PPP loan of $810,765 (compared to this company's $2.75M).
Similar Nearby Businesses Who Received PPP Funding:
Apple Nissan, Inc.
York Volkswagen Inc
Apple Ford Of York, Inc.
York Imports, 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, 82% lower than Jack Giambolvo Motor Co., Inc.'s reported 256 employees, and received an average PPP loan of $656,005, 76% lower than this company's loan of $2.75M.
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Footnotes & Information
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