PPP Loan Data — Jim Ellis Volkswagen Inc, Atlanta, GA
Jim Ellis Volkswagen Inc is a corporation located at 5855 Peachtree Industrial Blvd in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $5,867,164.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Jim Ellis Volkswagen Inc received a Paycheck Protection Loan of $5.87M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Jim Ellis Volkswagen Inc's total 2019 payroll expenses were approximately $28.16M in order to qualify for the PPP loan amount received.
Based on their reported 494 jobs retained, this equals an estimated average yearly compensation of $57,009 per employee1.
Business Information - Jim Ellis Volkswagen Inc in Atlanta, GA
5855 Peachtree Industrial Blvd
Atlanta, GA 30341
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: GA-06
Similar Companies near Atlanta
In the Atlanta area, 9 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 131 employees (compared to this company's 494) and received an average PPP loan of $2,387,406 (compared to this company's $5.87M).
Similar Nearby Businesses Who Received PPP Funding:
Curry Cars, LLC
Landmark Automotive Group Of GA LLC
Car Point Inc
ED Voyles Inc
Jim Ellis Atlanta Inc
Berwyn Partners, Inc
Tuxedo Partners Inc.
Pride 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, 90% lower than Jim Ellis Volkswagen Inc's reported 494 employees, and received an average PPP loan of $656,005, 89% lower than this company's loan of $5.87M.
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