PPP Loan Data — North Motors Inc, Saint Peters, MO
North Motors Inc
Location: Saint Peters, MOTweet This • Search All PPP Data
North Motors Inc is a corporation located at 10011 Spencer Road in Saint Peters, Missouri that received a Coronavirus-related PPP loan from the SBA of $2,028,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
North Motors Inc in Saint Peters, MO received a Paycheck Protection Loan of $2.03M through PNC Bank, National Association, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, North Motors Inc's 2019 payroll expenses are estimated to be at least $9.73M.
Based on their reported 133 jobs retained, this equals an estimated average yearly compensation of $73,191 per employee1
Reported PPP Proceed Usage:
On the PPP application, North Motors Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,028,000
Business Information - North Motors Inc in Saint Peters, MO
10011 Spencer Road
Saint Peters, MO 63376
Motorcycle, ATV, and All Other Motor Vehicle Dealers
NAICS code 441228
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 7,566 businesses in the "Motorcycle, ATV, and All Other Motor Vehicle Dealers" industry received a total of $1.08B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 14 employees, 89% lower than North Motors Inc's reported 133 employees, and received an average PPP loan of $142,979, 93% lower than this company's loan of $2.03M.
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Footnotes & Information
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