PPP Loan Data — Jerry Dawson Inc, Huntsville, AL
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
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.
Business Information - Jerry Dawson Inc in Huntsville, AL
6591 Highway 72 West
Huntsville, AL 35806
Used Car Dealers (NAICS code 441120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Lewis Automotive Sales Inc
Great Scott Auto Brokers LLC
L&M Ventures LLC
Governors Auto Inc.
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.
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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