PPP Loan Data — Motor City Sales & Service, Bakersfield, CA
Motor City Sales & Service is a corporation located at 3101 Pacheco Rd in Bakersfield, California that received a Coronavirus-related PPP loan from the SBA of $3,690,763.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Motor City Sales & Service received a Paycheck Protection Loan of $3.69M through ALLY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Motor City Sales & Service's total 2019 payroll expenses were approximately $17.72M in order to qualify for the PPP loan amount received.
Unlike most businesses, Motor City Sales & Service's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Motor City Sales & Service in Bakersfield, CA
3101 Pacheco Rd
Bakersfield, CA 93313
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-23
Similar Companies near Bakersfield
In the Bakersfield area, 15 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 84 employees (compared to this company's 0) and received an average PPP loan of $1,260,710 (compared to this company's $3.69M).
Similar Nearby Businesses Who Received PPP Funding:
Barber Group, Inc.
H&B Group, Inc.
Love Automotive Group, Inc.
Bill Wright, Inc.
Infiniti Of Bakersfield, Inc.
Three Way Chevrolet Co
M3 Truck Inc
CJM Automotive Group Inc.
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, and received an average PPP loan of $656,005, 82% lower than this company's loan of $3.69M.
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Footnotes & Information
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