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PPP Loan Data — OIL Stop LLC, Petaluma, CA

SBA PPP loan data, payroll data, and salaries for OIL Stop LLC
CA

OIL Stop LLC

Entity: Limited Liability Company (LLC)

Industry: Automotive Oil Change and Lubrication Shops

Location: Petaluma, CA

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OIL Stop LLC is a limited liability company (LLC) located at 5330 Old Redwood Hwy in Petaluma, California that received a Coronavirus-related PPP loan from the SBA of $2,442,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.44M

Jobs Retained:

218

Loan Approved:

2020-04-15

Lender:

ZIONS BANK, A DIVISION OF

OIL Stop LLC in Petaluma, CA received a Paycheck Protection Loan of $2.44M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, OIL Stop LLC's total 2019 payroll expenses were approximately $11.72M in order to qualify for the PPP loan amount received.

Based on their reported 218 jobs retained, this equals an estimated average yearly compensation of $53,780 per employee1.

Because the loan received by OIL Stop LLC 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 - OIL Stop LLC in Petaluma, CA

OIL Stop LLC
5330 Old Redwood Hwy
Petaluma, CA 94954

Business Industry

Automotive Oil Change and Lubrication Shops (NAICS code 811191)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-02

Industry PPP Comparison Statistics

Nationwide, 2,643 businesses in the "Automotive Oil Change and Lubrication Shops" industry received a total of $237,744,094.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 11 employees, 95% lower than OIL Stop LLC's reported 218 employees, and received an average PPP loan of $89,952, 96% lower than this company's loan of $2.44M.

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.

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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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/oil-stop-llc-petaluma-ca