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PPP Loan Data — Parkhouse Tire Service, Inc.,
Bell Gardens, 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:
Jobs Retained:
465Loan Approved:
2020-04-28Lender:
U.S. BANK, NATIONAL ASSOCIATIONParkhouse 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.
Business Information - Parkhouse Tire Service, Inc. in Bell Gardens, CA
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-40Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
Brite White Tire
Bell Gardens, CA
Savas, Inc.
Bell Gardens, CA
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.
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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