PPP Loan Data — Medved Chevrolet, Inc., Wheat Ridge, CO
Medved Chevrolet, Inc. is a subchapter s corporation located at 11001 W I-70 Frontage Rd N in Wheat Ridge, Colorado that received a Coronavirus-related PPP loan from the SBA of $3,806,092.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Medved Chevrolet, Inc. in Wheat Ridge, CO received a Paycheck Protection Loan of $3.81M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Medved Chevrolet, Inc.'s total 2019 payroll expenses were approximately $18.27M in order to qualify for the PPP loan amount received.
Based on their reported 300 jobs retained, this equals an estimated average yearly compensation of $60,897 per employee1.
Business Information - Medved Chevrolet, Inc. in Wheat Ridge, CO
11001 W I-70 Frontage Rd N
Wheat Ridge, CO 80033
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CO-07
Similar Companies near Wheat Ridge
In the Wheat Ridge area, 2 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 150 employees (compared to this company's 300) and received an average PPP loan of $1,932,596 (compared to this company's $3.81M).
Similar Nearby Businesses Who Received PPP Funding:
Bachman Auto LLC
Wheat Ridge, CO
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, 84% lower than Medved Chevrolet, Inc.'s reported 300 employees, and received an average PPP loan of $656,005, 83% lower than this company's loan of $3.81M.
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