PPP Loan Data — Maguire Automotive Group, LLC, Ithaca, NY
Maguire Automotive Group, LLC is a limited liability company (LLC) located at 318 Elmira Rd. in Ithaca, New York that received a Coronavirus-related PPP loan from the SBA of $5,076,500.00 in April, 2020.
$ PPP Loan Information
Lender:TOMPKINS TRUST COMPANY
Maguire Automotive Group, LLC in Ithaca, NY received a Paycheck Protection Loan of $5.08M through TOMPKINS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Maguire Automotive Group, LLC's total 2019 payroll expenses were approximately $24.37M in order to qualify for the PPP loan amount received.
Based on their reported 405 jobs retained, this equals an estimated average yearly compensation of $60,166 per employee1.
Business Information - Maguire Automotive Group, LLC in Ithaca, NY
318 Elmira Rd.
Ithaca, NY 14850
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-23
Similar Companies near Ithaca
In the Ithaca area, 2 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 232 employees (compared to this company's 405) and received an average PPP loan of $2,850,375 (compared to this company's $5.08M).
Similar Nearby Businesses Who Received PPP Funding:
Maguire Ford, 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, 88% lower than Maguire Automotive Group, LLC's reported 405 employees, and received an average PPP loan of $656,005, 87% lower than this company's loan of $5.08M.
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Footnotes & Information
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