PPP Loan Data — Performance Plus Car Care, Inc, Golden, CO
Performance Plus Car Care, Inc is a corporation located at 1820 Jackson St in Golden, Colorado that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in July, 2020.
The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:BOKF, National Association
Performance Plus Car Care, Inc in Golden, CO received a Paycheck Protection Loan of $25,300 through BOKF, National Association, which was approved in July, 2020.
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 Plus Car Care, Inc's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,360 per employee1
Reported PPP Proceed Usage:
On the PPP application, Performance Plus Car Care, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,300
Business Information - Performance Plus Car Care, Inc in Golden, CO
1820 Jackson St
Golden, CO 80401
General Automotive Repair
NAICS code 811111
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Golden
In the Golden area, 13 businesses in the "General Automotive Repair" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 4) and received an average PPP loan of $52,822 (compared to this company's $25,300).
Similar Nearby Businesses Who Received PPP Funding:
Euro Tech Automotive
Five R Inc
Golden Auto Clinic Inc
Linden Engineering Inc
Twisted Wtench Garage LLC
Industry PPP Comparison Statistics
Nationwide, 95,091 businesses in the "General Automotive Repair" industry received a total of $3.94B 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 5 employees, 25% higher than Performance Plus Car Care, Inc's reported 4 employees, and received an average PPP loan of $41,461, 64% higher than this company's loan of $25,300.
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Footnotes & Information
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