PPP Loan Data — Olathe Ford Sales Inc., Olathe, KS
Olathe Ford Sales Inc. is a corporation located at 1845 E Santa Fe St in Olathe, Kansas that received a Coronavirus-related PPP loan from the SBA of $3,087,900.00 in April, 2020.
$ PPP Loan Information
Olathe Ford Sales Inc. in Olathe, KS received a Paycheck Protection Loan of $3.09M through CROSSFIRST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Olathe Ford Sales Inc.'s total 2019 payroll expenses were approximately $14.82M in order to qualify for the PPP loan amount received.
Based on their reported 240 jobs retained, this equals an estimated average yearly compensation of $61,758 per employee1.
Business Information - Olathe Ford Sales Inc. in Olathe, KS
1845 E Santa Fe St
Olathe, KS 66062
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: KS-03
Similar Companies near Olathe
In the Olathe area, 9 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 87 employees (compared to this company's 240) and received an average PPP loan of $1,249,002 (compared to this company's $3.09M).
Similar Nearby Businesses Who Received PPP Funding:
Autoland Holdings LLC
Mccarthy Olathe Nissan, Inc.
Olathe Subaru LLC
Tumminia's Mz Inc.
Mccarthy Chevrolet, Inc.
Robert Brogden's Olathe Buick Gmc Inc
Kenny Thomas Enterprises 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, 80% lower than Olathe Ford Sales Inc.'s reported 240 employees, and received an average PPP loan of $656,005, 79% lower than this company's loan of $3.09M.
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