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PPP Loan Data — Parkhouse Tire Service, Inc., Bell Gardens, CA

SBA PPP loan data, payroll data, and salaries for Parkhouse Tire Service, Inc.
CA

Parkhouse Tire Service, Inc.

Entity: Subchapter S Corporation

Industry: Tire and Tube Merchant Wholesalers

Location: Bell Gardens, CA

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Parkhouse Tire Service, Inc. is a subchapter s corporation located at 6006 Shull Street in Bell Gardens, California that received a Coronavirus-related PPP loan from the SBA of $6,053,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$6.05M

Jobs Retained:

465

Loan Approved:

2020-04-28

Lender:

U.S. BANK, NATIONAL ASSOCIATION

Parkhouse Tire Service, Inc. received a Paycheck Protection Loan of $6.05M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Parkhouse Tire Service, Inc.'s total 2019 payroll expenses were approximately $29.06M in order to qualify for the PPP loan amount received.

Based on their reported 465 jobs retained, this equals an estimated average yearly compensation of $62,487 per employee1.

Because the loan received by Parkhouse Tire Service, Inc. 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 - Parkhouse Tire Service, Inc. in Bell Gardens, CA

Parkhouse Tire Service, Inc.
6006 Shull Street
Bell Gardens, CA 90201

Business Industry

Tire and Tube Merchant Wholesalers (NAICS code 423130)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-40

Similar Companies near Bell Gardens

In the Bell Gardens area, 3 businesses in the "Tire and Tube Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 157 employees (compared to this company's 465) and received an average PPP loan of $2,045,488 (compared to this company's $6.05M).

Industry PPP Comparison Statistics

Nationwide, 818 businesses in the "Tire and Tube Merchant Wholesalers" industry received a total of $131,286,804.00 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 14 employees, 97% lower than Parkhouse Tire Service, Inc.'s reported 465 employees, and received an average PPP loan of $160,497, 97% lower than this company's loan of $6.05M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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/parkhouse-tire-service-inc-bell-gardens-ca