PPP Loan Data — Peerless Tyre Co., Denver, CO
Peerless Tyre Co. is a subchapter s corporation located at 5000 Kingston Street in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,464,855.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Peerless Tyre Co. in Denver, CO received a Paycheck Protection Loan of $2.46M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Peerless Tyre Co.'s total 2019 payroll expenses were approximately $11.83M in order to qualify for the PPP loan amount received.
Based on their reported 235 jobs retained, this equals an estimated average yearly compensation of $50,346 per employee1.
Business Information - Peerless Tyre Co. in Denver, CO
5000 Kingston Street
Denver, CO 80239
Tire Dealers (NAICS code 441320)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CO-01
Industry PPP Comparison Statistics
Nationwide, 5,869 businesses in the "Tire Dealers" industry received a total of $664,120,532.00 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 Peerless Tyre Co.'s reported 235 employees, and received an average PPP loan of $113,157, 95% lower than this company's loan of $2.46M.
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Footnotes & Information
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