PPP Loan Data — Mccarthy Chevrolet, Inc.,
Olathe, KS
Mccarthy Chevrolet, Inc.
Entity: Corporation
Industry: New Car Dealers
Location: Olathe, KS

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
Loan Size:
Jobs Retained:
175Loan Approved:
2020-04-11Lender:
ENTERPRISE BANK & TRUSTMccarthy 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
675 N Rawhide Dr
Olathe, KS 66061
Business Industry
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: KS-03Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
Tumminia's Mz Inc.
Olathe, KS
Autoland Holdings LLC
Olathe, KS
Kenny Thomas Enterprises Inc
Olathe, KS
Mccarthy Olathe Nissan, Inc.
Olathe, KS
Olathe Ford Sales Inc.
Olathe, KS
Robert Brogden's Olathe Buick Gmc Inc
Olathe, KS
Olathe Subaru LLC
Olathe, KS
Bakc3, Inc
Olathe, KS
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.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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