PPP Loan Data — Kissimmee Chevrolet, LLC, Orlando, FL
Kissimmee Chevrolet, LLC is a limited liability company (LLC) located at 13155 S. Orange Blossom Trail in Orlando, Florida that received a Coronavirus-related PPP loan from the SBA of $2,176,700.00 in April, 2020. This business is a General Motors, LLC (Chevrolet, Buick, GM, Cadillac) Dealer Sales and Service Agreement franchise.
The company has reported itself as a White male owned business, and employed at least 157 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:BMO Harris Bank National Association
Kissimmee Chevrolet, LLC in Orlando, FL received a Paycheck Protection Loan of $2.18M through BMO Harris Bank 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, Kissimmee Chevrolet, LLC's 2019 payroll expenses are estimated to be at least $10.45M.
Based on their reported 157 jobs retained, this equals an estimated average yearly compensation of $66,549 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kissimmee Chevrolet, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,176,700
Business Information - Kissimmee Chevrolet, LLC in Orlando, FL
13155 S. Orange Blossom Trail
Orlando, FL 32837
New Car Dealers
NAICS code 441110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Orlando
In the Orlando area, 7 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 102 employees (compared to this company's 157) and received an average PPP loan of $1,172,860 (compared to this company's $2.18M).
Similar Nearby Businesses Who Received PPP Funding:
Tropical Ford Inc
Trail Imports II LLC
Katlen V Navarro
Action Nissan Inc
Lista Lines Trucking, Inc
Trail Imports I LLC
Industry PPP Comparison Statistics
Nationwide, 19,896 businesses in the "New Car Dealers" industry received a total of $12.31B 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 52 employees, 67% lower than Kissimmee Chevrolet, LLC's reported 157 employees, and received an average PPP loan of $618,860, 72% lower than this company's loan of $2.18M.
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Footnotes & Information
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