KS

Mccarthy Chevrolet, Inc.

Entity: Corporation

Industry: New Car Dealers

Location: Olathe, KS

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Mccarthy Chevrolet, Inc. is a corporation located at 675 N Rawhide Dr in Olathe, Kansas that received a Coronavirus-related PPP loan from the SBA of $2,669,800.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 175 people during the applicable loan loan period.

$ PPP Loan Information

Mccarthy Chevrolet, Inc. in Olathe, KS received a Paycheck Protection Loan of $2.67M through ENTERPRISE BANK & TRUST, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mccarthy Chevrolet, Inc.'s total 2019 payroll expenses were approximately $12.82M in order to qualify for the PPP loan amount received.

Based on their reported 175 jobs retained, this equals an estimated average yearly compensation of $73,229 per employee¹.

Business Information - Mccarthy Chevrolet, Inc. in Olathe, KS

Similar Companies near Olathe

In the Olathe area, 9 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 87 employees (compared to this company's 175) and received an average PPP loan of $1,249,002 (compared to this company's $2.67M).

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, 73% lower than Mccarthy Chevrolet, Inc.'s reported 175 employees, and received an average PPP loan of $656,005, 75% lower than this company's loan of $2.67M.