PPP Loan Data — MK Automotive Management, LLC, Tampa, FL
MK Automotive Management, LLC is a limited liability company (LLC) located at 1101 E Fletcher Ave in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $3,199,500.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST HOME BANK
MK Automotive Management, LLC received a Paycheck Protection Loan of $3.2M through FIRST HOME BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, MK Automotive Management, LLC's total 2019 payroll expenses were approximately $15.36M in order to qualify for the PPP loan amount received.
Based on their reported 237 jobs retained, this equals an estimated average yearly compensation of $64,800 per employee1.
Business Information - MK Automotive Management, LLC in Tampa, FL
1101 E Fletcher Ave
Tampa, FL 33612
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-14
Similar Companies near Tampa
In the Tampa area, 10 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 69 employees (compared to this company's 237) and received an average PPP loan of $947,907 (compared to this company's $3.2M).
Similar Nearby Businesses Who Received PPP Funding:
Jim Browne Chevrolet Inc
North Tampa Automotive Inc
Elder Automotive Group Of Tampa Bay, Inc
North Tampa Nissan LLC
Maus Tampa Auto LLC
Northgate Lincoln - Mercury, Inc.
Elder Ford Of Tampa, 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, 80% lower than MK Automotive Management, LLC's reported 237 employees, and received an average PPP loan of $656,005, 79% lower than this company's loan of $3.2M.
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