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PPP Loan Data — Jerry Dawson Inc, Huntsville, AL

SBA PPP loan data, payroll data, and salaries for Jerry Dawson Inc
AL

Jerry Dawson Inc

Entity: Corporation

Industry: Used Car Dealers

Location: Huntsville, AL

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Jerry Dawson Inc is a corporation located at 6591 Highway 72 West in Huntsville, Alabama that received a Coronavirus-related PPP loan from the SBA of $2,840,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.84M

Jobs Retained:

211

Loan Approved:

2020-04-08

Lender:

REGIONS BANK

Jerry Dawson Inc received a Paycheck Protection Loan of $2.84M through REGIONS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Jerry Dawson Inc's total 2019 payroll expenses were approximately $13.64M in order to qualify for the PPP loan amount received.

Based on their reported 211 jobs retained, this equals an estimated average yearly compensation of $64,623 per employee1.

Because the loan received by Jerry Dawson Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Jerry Dawson Inc in Huntsville, AL

Jerry Dawson Inc
6591 Highway 72 West
Huntsville, AL 35806

Business Industry

Used Car Dealers (NAICS code 441120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: AL-05

Similar Companies near Huntsville

In the Huntsville area, 5 businesses in the "Used Car Dealers" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 211) and received an average PPP loan of $585,526 (compared to this company's $2.84M).

Industry PPP Comparison Statistics

Nationwide, 19,222 businesses in the "Used Car Dealers" industry received a total of $1,465,557,208.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 7 employees, 97% lower than Jerry Dawson Inc's reported 211 employees, and received an average PPP loan of $76,244, 97% lower than this company's loan of $2.84M.

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.

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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/jerry-dawson-inc-huntsville-al