PPP Loan Data — Lynch Motor Vehicle Group, Inc., Burlington, WI
Lynch Motor Vehicle Group, Inc. is a subchapter s corporation located at 2300 Browns Lake Dr in Burlington, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $4,434,000.00 in April, 2020.
$ PPP Loan Information
Lender:BMO HARRIS BANK NATIONAL ASSOCIATION
Lynch Motor Vehicle Group, Inc. in Burlington, WI received a Paycheck Protection Loan of $4.43M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lynch Motor Vehicle Group, Inc.'s total 2019 payroll expenses were approximately $21.28M in order to qualify for the PPP loan amount received.
Based on their reported 364 jobs retained, this equals an estimated average yearly compensation of $58,470 per employee1.
Business Information - Lynch Motor Vehicle Group, Inc. in Burlington, WI
2300 Browns Lake Dr
Burlington, WI 53105
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WI-01
Similar Companies near Burlington
In the Burlington area, 5 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 158 employees (compared to this company's 364) and received an average PPP loan of $2,017,549 (compared to this company's $4.43M).
Similar Nearby Businesses Who Received PPP Funding:
SAG Kenosha LLC
Miller Motor Sales, Inc.
Rohr-Kenosha Motors 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, 87% lower than Lynch Motor Vehicle Group, Inc.'s reported 364 employees, and received an average PPP loan of $656,005, 85% lower than this company's loan of $4.43M.
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Footnotes & Information
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