PPP Loan Data — JP Deluxe Auto Care, LLC, West Park, FL
JP Deluxe Auto Care, LLC is a limited liability company (LLC) located at 5860 Sw 21st St in West Park, Florida that received a Coronavirus-related PPP loan from the SBA of $47,099.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
JP Deluxe Auto Care, LLC in West Park, FL received a Paycheck Protection Loan of $47,099 through Bank of America, National Association, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, JP Deluxe Auto Care, LLC's 2019 payroll expenses are estimated to be at least $226,075.
Based on their reported 43 jobs retained, this equals an estimated average yearly compensation of $5,258 per employee1
Reported PPP Proceed Usage:
On the PPP application, JP Deluxe Auto Care, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,099
Business Information - JP Deluxe Auto Care, LLC in West Park, FL
5860 Sw 21st St
West Park, FL 33023
NAICS code 811192
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near West Park
In the West Park area, 55 businesses in the "Car Washes" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 43) and received an average PPP loan of $25,503 (compared to this company's $47,099).
Similar Nearby Businesses Who Received PPP Funding:
West Park, FL
West Park, FL
Pembroke Pines, FL
Andson Saint Phar
Hippolyte Luxury Detailing
Sanchez Car Wash Corp
Industry PPP Comparison Statistics
Nationwide, 26,021 businesses in the "Car Washes" industry received a total of $986.15M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 7 employees, 84% lower than JP Deluxe Auto Care, LLC's reported 43 employees, and received an average PPP loan of $37,898, 20% lower than this company's loan of $47,099.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!