PPP Loan Data — Kauai Vehicle Service Center Inc, Lihue, HI
Kauai Vehicle Service Center Inc is a subchapter s corporation located at 3124 Peleke St in Lihue, Hawaii that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:American Savings Bank, FSB
Kauai Vehicle Service Center Inc in Lihue, HI received a Paycheck Protection Loan of $25,000 through American Savings Bank, FSB, 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, Kauai Vehicle Service Center Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kauai Vehicle Service Center Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Kauai Vehicle Service Center Inc in Lihue, HI
3124 Peleke St
Lihue, HI 96766
General Automotive Repair
NAICS code 811111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lihue
In the Lihue area, 7 businesses in the "General Automotive Repair" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 3) and received an average PPP loan of $51,336 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Jb's Repair LLC
Kauai Auto Repair LLC
Pereira Of Kauai Inc
DS Neifert LLC
Sonoda Brothers, LLC
Dandi's Service LLC
Industry PPP Comparison Statistics
Nationwide, 95,091 businesses in the "General Automotive Repair" industry received a total of $3.94B 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 5 employees, 67% higher than Kauai Vehicle Service Center Inc's reported 3 employees, and received an average PPP loan of $41,461, 66% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!