PPP Loan Data — Mccarthy Chevrolet, Inc., 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
Lender:ENTERPRISE BANK & TRUST
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
675 N Rawhide Dr
Olathe, KS 66061
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: KS-03
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).
Similar Nearby Businesses Who Received PPP Funding:
Tumminia's Mz Inc.
Autoland Holdings LLC
Kenny Thomas Enterprises Inc
Mccarthy Olathe Nissan, Inc.
Olathe Ford Sales Inc.
Robert Brogden's Olathe Buick Gmc Inc
Olathe Subaru LLC
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.
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