PPP Loan Data — Premier Nissan, LLC, Metairie, LA
Premier Nissan, LLC is a limited liability company (LLC) located at 6636 Veterans Blvd 0.0 in Metairie, Louisiana that received a Coronavirus-related PPP loan from the SBA of $1,555,955.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 126 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Premier Nissan, LLC in Metairie, LA received a Paycheck Protection Loan of $1.56M through JPMorgan Chase Bank, National Association, which was approved in April, 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, Premier Nissan, LLC's 2019 payroll expenses are estimated to be at least $7.47M.
Based on their reported 126 jobs retained, this equals an estimated average yearly compensation of $59,274 per employee1
Reported PPP Proceed Usage:
On the PPP application, Premier Nissan, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,240,455
- Utilities: $25,000
- Rent: $216,000
- Health Care: $74,500
Business Information - Premier Nissan, LLC in Metairie, LA
6636 Veterans Blvd 0.0
Metairie, LA 70003
New Car Dealers
NAICS code 441110
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Metairie
In the Metairie area, 26 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 65 employees (compared to this company's 126) and received an average PPP loan of $853,867 (compared to this company's $1.56M).
Similar Nearby Businesses Who Received PPP Funding:
Benson Motor Company
Walker Imports Inc
Ray Brandt Nissan Of South Mississippi, LLC
MBC Metairie LLC
Lakeside Imports, Inc
Bryan Chevrolet LLC
Three Brothers Luxury, LLC
MBF Of Metairie LLC
Ray Brandt Nissan, Inc
Industry PPP Comparison Statistics
Nationwide, 19,896 businesses in the "New Car Dealers" industry received a total of $12.31B 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 52 employees, 59% lower than Premier Nissan, LLC's reported 126 employees, and received an average PPP loan of $618,860, 60% lower than this company's loan of $1.56M.
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Footnotes & Information
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