PPP Loan Data — Jim Ellis Motors Inc, Kennesaw, GA
Jim Ellis Motors Inc is a corporation located at 950 Barrett Pkwy in Kennesaw, Georgia that received a Coronavirus-related PPP loan from the SBA of $3,159,705.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Jim Ellis Motors Inc in Kennesaw, GA received a Paycheck Protection Loan of $3.16M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Jim Ellis Motors Inc's total 2019 payroll expenses were approximately $15.17M in order to qualify for the PPP loan amount received.
Based on their reported 226 jobs retained, this equals an estimated average yearly compensation of $67,109 per employee1.
Business Information - Jim Ellis Motors Inc in Kennesaw, GA
950 Barrett Pkwy
Kennesaw, GA 30144
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: GA-11
Similar Companies near Kennesaw
In the Kennesaw area, 9 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 91 employees (compared to this company's 226) and received an average PPP loan of $1,316,113 (compared to this company's $3.16M).
Similar Nearby Businesses Who Received PPP Funding:
Shottenkirk Jasper Inc
Cherokee Hyundai Of Kennesaw, LLC
Northwest Atlanta Automotive Group, LLC
Carl Black Chevrolet Buick Gmc Inc
Kennesaw Motor Sales Inc
RFN Chevrolet, LLC
Subaru Of Kennesaw LLC
Joella's Kennesaw GA, LLC
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, 79% lower than Jim Ellis Motors Inc's reported 226 employees, and received an average PPP loan of $656,005, 79% lower than this company's loan of $3.16M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!