PPP Loan Data — KPH Automotive LLC, Cincinnati, OH
KPH Automotive LLC is a limited liability company (LLC) located at 9131 Fields Ertel Road in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $1,668,805.00 in April, 2020. This business is a Honda Automobile Division - Dealer Sales and Service Agreement franchise.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Toyota Financial Savings Bank
KPH Automotive LLC in Cincinnati, OH received a Paycheck Protection Loan of $1.67M through Toyota Financial Savings Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.
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, KPH Automotive LLC's 2019 payroll expenses are estimated to be at least $8.01M.
Based on their reported 126 jobs retained, this equals an estimated average yearly compensation of $63,574 per employee1
Reported PPP Proceed Usage:
On the PPP application, KPH Automotive LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,668,805
Business Information - KPH Automotive LLC in Cincinnati, OH
9131 Fields Ertel Road
Cincinnati, OH 45249
New Car Dealers
NAICS code 441110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Cincinnati
In the Cincinnati area, 9 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 74 employees (compared to this company's 126) and received an average PPP loan of $925,976 (compared to this company's $1.67M).
Similar Nearby Businesses Who Received PPP Funding:
Columbia Automotive, Inc
Kings Cove Automotive LLC
Kings Ford, Inc
Joseph Northland Motors Inc
Infiniti Of Cincinnati, Inc
RPM Auto Service, Inc
Borcherding Enterprise, Inc
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, 59% lower than KPH Automotive LLC's reported 126 employees, and received an average PPP loan of $618,860, 63% lower than this company's loan of $1.67M.
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Footnotes & Information
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