PPP Loan Data — Pohanka Of Salisbury Inc, Salisbury, MD
Pohanka Of Salisbury Inc is a corporation located at 2013 Salisbury Blvd in Salisbury, Maryland that received a Coronavirus-related PPP loan from the SBA of $4,379,600.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Pohanka Of Salisbury Inc received a Paycheck Protection Loan of $4.38M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Pohanka Of Salisbury Inc's total 2019 payroll expenses were approximately $21.02M in order to qualify for the PPP loan amount received.
Based on their reported 384 jobs retained, this equals an estimated average yearly compensation of $54,745 per employee1.
Business Information - Pohanka Of Salisbury Inc in Salisbury, MD
2013 Salisbury Blvd
Salisbury, MD 21801
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-01
Similar Companies near Salisbury
In the Salisbury area, 4 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 142 employees (compared to this company's 384) and received an average PPP loan of $1,743,075 (compared to this company's $4.38M).
Similar Nearby Businesses Who Received PPP Funding:
Hertrich Of Salisbury East LLC
Hertrich Buick Gmc Of Salisbury, Inc
Safford Of Salisbury, LLC
Industry PPP Comparison Statistics
Nationwide, 16,570 businesses in the "New Car Dealers" industry received a total of $10,869,996,969.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 47 employees, 88% lower than Pohanka Of Salisbury Inc's reported 384 employees, and received an average PPP loan of $656,005, 85% lower than this company's loan of $4.38M.
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Footnotes & Information
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