PPP Loan Data — Lawley Motors, LLC, Sierra Vista, AZ
Lawley Motors, LLC is a limited liability company (LLC) located at 100 N Highway 90 Byp in Sierra Vista, Arizona that received a Coronavirus-related PPP loan from the SBA of $2,463,141.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 199 people during the applicable loan loan period.
$ PPP Loan Information
Lender:COMMERCE BANK OF ARIZONA
Lawley Motors, LLC in Sierra Vista, AZ received a Paycheck Protection Loan of $2.46M through COMMERCE BANK OF ARIZONA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lawley Motors, LLC's total 2019 payroll expenses were approximately $11.82M in order to qualify for the PPP loan amount received.
Based on their reported 199 jobs retained, this equals an estimated average yearly compensation of $59,412 per employee1.
Business Information - Lawley Motors, LLC in Sierra Vista, AZ
100 N Highway 90 Byp
Sierra Vista, AZ 85635
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: NON-VETERANCongressional District: AZ-02
Similar Companies near Sierra Vista
In the Sierra Vista area, 3 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 89 employees (compared to this company's 199) and received an average PPP loan of $1,019,059 (compared to this company's $2.46M).
Similar Nearby Businesses Who Received PPP Funding:
Sierra Vista Motor Sales, Inc DBA Sierra Toyota
Sierra Vista, AZ
Cochise Motorsports Inc
Sierra Vista, AZ
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, 76% lower than Lawley Motors, LLC's reported 199 employees, and received an average PPP loan of $656,005, 73% lower than this company's loan of $2.46M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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