PPP Loan Data — Miami Automotive Retail, Inc, Miami, FL
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
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.
Business Information - Miami Automotive Retail, Inc in Miami, FL
665 Sw 8th Street
Miami, FL 33130
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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
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.
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Footnotes & Information
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