PPP Loan Data — Jennings Motor Company, Inc., Springfield, VA
Jennings Motor Company, Inc. is a subchapter s corporation located at 7601 Loisdale Rd in Springfield, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,596,215.00 in April, 2020.
$ PPP Loan Information
Lender:TOYOTA FINANCIAL SAVINGS BANK
Jennings Motor Company, Inc. in Springfield, VA received a Paycheck Protection Loan of $2.6M through TOYOTA FINANCIAL SAVINGS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Jennings Motor Company, Inc.'s total 2019 payroll expenses were approximately $12.46M in order to qualify for the PPP loan amount received.
Based on their reported 247 jobs retained, this equals an estimated average yearly compensation of $50,453 per employee1.
Business Information - Jennings Motor Company, Inc. in Springfield, VA
7601 Loisdale Rd
Springfield, VA 22150
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-08
Similar Companies near Springfield
In the Springfield area, 6 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 80 employees (compared to this company's 247) and received an average PPP loan of $911,267 (compared to this company's $2.6M).
Similar Nearby Businesses Who Received PPP Funding:
H & H Springfield Inc
Safford Hyundai Of Springfield, LLC
Handley Motor Company, Inc.
Springfield Nissan LLC
Springfield Motors, 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, 81% lower than Jennings Motor Company, Inc.'s reported 247 employees, and received an average PPP loan of $656,005, 75% lower than this company's loan of $2.6M.
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