PPP Loan Data — Kline Imports Chesapeake, Inc, Chesapeake, VA
Kline Imports Chesapeake, Inc is a subchapter s corporation located at 1800 Greenbrier Parkway in Chesapeake, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,527,645.00 in April, 2020.
$ PPP Loan Information
Lender:TOYOTA FINANCIAL SAVINGS BANK
Kline Imports Chesapeake, Inc received a Paycheck Protection Loan of $2.53M through TOYOTA FINANCIAL SAVINGS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Kline Imports Chesapeake, Inc's total 2019 payroll expenses were approximately $12.13M in order to qualify for the PPP loan amount received.
Based on their reported 258 jobs retained, this equals an estimated average yearly compensation of $47,026 per employee1.
Business Information - Kline Imports Chesapeake, Inc in Chesapeake, VA
1800 Greenbrier Parkway
Chesapeake, VA 23320
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-03
Similar Companies near Chesapeake
In the Chesapeake area, 19 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 69 employees (compared to this company's 258) and received an average PPP loan of $1,100,191 (compared to this company's $2.53M).
Similar Nearby Businesses Who Received PPP Funding:
Hall Hyundai, LLC
Kline Chevrolet Sales Corporation, Inc.
Priority Automotive Chesapeake, Inc.
Cavalier Automotive LLC
Greenbrier Gmc, Inc.
Greenbrier Dodge Of Chesapeake
Greenbrier Of Virginia, Inc.
Greenbrier Volkswagen, 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, 82% lower than Kline Imports Chesapeake, Inc's reported 258 employees, and received an average PPP loan of $656,005, 74% lower than this company's loan of $2.53M.
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Footnotes & Information
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