PPP Loan Data — Mauricio Auto Repair Inc, Sterling, VA
Mauricio Auto Repair Inc is a corporation located at 22510 S Sterling Blvd # 116 in Sterling, Virginia that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Mauricio Auto Repair Inc in Sterling, VA received a Paycheck Protection Loan of $25,000 through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in May, 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 February, 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, Mauricio Auto Repair Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,143 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mauricio Auto Repair Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Mauricio Auto Repair Inc in Sterling, VA
22510 S Sterling Blvd # 116
Sterling, VA 20164
General Automotive Repair
NAICS code 811111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Sterling
In the Sterling area, 13 businesses in the "General Automotive Repair" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 7) and received an average PPP loan of $38,404 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Countryside Service Center
Countryside Service Center Inc
Mario's Motors Inc
Great Falls Auto Service
Auto Dent L C
Sterling Auto Center LLC
Oussaden Trucking LLC
Industry PPP Comparison Statistics
Nationwide, 95,091 businesses in the "General Automotive Repair" industry received a total of $3.94B 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 5 employees, 29% lower than Mauricio Auto Repair Inc's reported 7 employees, and received an average PPP loan of $41,461, 66% higher than this company's loan of $25,000.
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Footnotes & Information
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