PPP Loan Data — Performance Paint & Body, Columbus, NE
Performance Paint & Body
Entity: Subchapter S Corporation
Location: Columbus, NETweet This • Search All PPP Data
Performance Paint & Body is a subchapter s corporation located at 2119 13th St in Columbus, Nebraska that received a Coronavirus-related PPP loan from the SBA of $46,510.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Performance Paint & Body in Columbus, NE received a Paycheck Protection Loan of $46,510 through Pinnacle Bank, which was approved in January, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Performance Paint & Body's 2019 payroll expenses are estimated to be at least $223,248.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,893 per employee1
Reported PPP Proceed Usage:
On the PPP application, Performance Paint & Body reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,509
- Utilities: $1
Business Information - Performance Paint & Body in Columbus, NE
2119 13th St
Columbus, NE 68601
Automotive Body, Paint, and Interior Repair and Maintenance
NAICS code 811121
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Columbus
In the Columbus area, 18 businesses in the "Automotive Body, Paint, and Interior Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 7) and received an average PPP loan of $15,285 (compared to this company's $46,510).
Similar Nearby Businesses Who Received PPP Funding:
Hein Autobody LLC
IKE Jje, LLC
Kirby R Johnson
Industry PPP Comparison Statistics
Nationwide, 41,993 businesses in the "Automotive Body, Paint, and Interior Repair and Maintenance" industry received a total of $2.54B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 6 employees, 14% lower than Performance Paint & Body's reported 7 employees, and received an average PPP loan of $60,493, 30% higher than this company's loan of $46,510.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!