PPP Loan Data — Pioneer Express Lube & Car Wash, LLC, Yuma, AZ
Pioneer Express Lube & Car Wash, LLC is a limited liability company (LLC) located at 11274 S Fortuna Rd Pad E in Yuma, Arizona that received a Coronavirus-related PPP loan from the SBA of $46,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:1st Bank Yuma
Pioneer Express Lube & Car Wash, LLC in Yuma, AZ received a Paycheck Protection Loan of $46,200 through 1st Bank Yuma, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in December, 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, Pioneer Express Lube & Car Wash, LLC's 2019 payroll expenses are estimated to be at least $221,760.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,352 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pioneer Express Lube & Car Wash, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,200
Business Information - Pioneer Express Lube & Car Wash, LLC in Yuma, AZ
11274 S Fortuna Rd Pad E
Yuma, AZ 85367
Automotive Oil Change and Lubrication Shops
NAICS code 811191
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 4,328 businesses in the "Automotive Oil Change and Lubrication Shops" industry received a total of $297.26M 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 10 employees, 100% higher than Pioneer Express Lube & Car Wash, LLC's reported 5 employees, and received an average PPP loan of $68,683, 49% higher than this company's loan of $46,200.
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Footnotes & Information
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