PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Miami Automotive Retail, Inc, Miami, FL

SBA PPP loan data, payroll data, and salaries for Miami Automotive Retail, Inc
FL

Miami Automotive Retail, Inc

Entity: Subchapter S Corporation

Industry: New Car Dealers

Location: Miami, FL

Search All PPP Data

Miami Automotive Retail, Inc is a subchapter s corporation located at 665 Sw 8th Street in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $3,072,777.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.07M

Jobs Retained:

250

Loan Approved:

2020-04-09

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Miami Automotive Retail, Inc in Miami, FL received a Paycheck Protection Loan of $3.07M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Miami Automotive Retail, Inc's total 2019 payroll expenses were approximately $14.75M in order to qualify for the PPP loan amount received.

Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $58,997 per employee1.

Because the loan received by Miami Automotive Retail, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Miami Automotive Retail, Inc in Miami, FL

Miami Automotive Retail, Inc
665 Sw 8th Street
Miami, FL 33130

Business Industry

New Car Dealers (NAICS code 441110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-27

Similar Companies near Miami

In the Miami area, 2 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 126 employees (compared to this company's 250) and received an average PPP loan of $1,546,805 (compared to this company's $3.07M).

Similar Nearby Businesses Who Received PPP Funding:

Finest Auto Leasing, LLC
Miami, FL

$20,832 PPP Loan

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, 81% lower than Miami Automotive Retail, Inc's reported 250 employees, and received an average PPP loan of $656,005, 79% lower than this company's loan of $3.07M.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/miami-automotive-retail-inc-miami-fl