PPP Loan Data — LL Glenn Road LLC, Little Rock, AR
LL Glenn Road LLC is a limited liability company (LLC) located at 10825 Colonel Glenn Road in Little Rock, Arkansas that received a Coronavirus-related PPP loan from the SBA of $2,399,121.00 in April, 2020. This business is a Toyota Motors Sales, U.S.A., Inc. - Dealer Agreement franchise.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Toyota Financial Savings Bank
LL Glenn Road LLC in Little Rock, AR received a Paycheck Protection Loan of $2.4M through Toyota Financial Savings Bank, 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, LL Glenn Road LLC's 2019 payroll expenses are estimated to be at least $11.52M.
Based on their reported 179 jobs retained, this equals an estimated average yearly compensation of $64,334 per employee1
Reported PPP Proceed Usage:
On the PPP application, LL Glenn Road LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,399,121
Business Information - LL Glenn Road LLC in Little Rock, AR
10825 Colonel Glenn Road
Little Rock, AR 72204
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
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, 71% lower than LL Glenn Road LLC's reported 179 employees, and received an average PPP loan of $618,860, 74% lower than this company's loan of $2.4M.
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Footnotes & Information
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