PPP Loan Data — Puente Hills Imports, City Of Industry, CA
Puente Hills Imports is a corporation located at 17070 Gale Avenue in City Of Industry, California that received a Coronavirus-related PPP loan from the SBA of $2,314,200.00 in April, 2020. This business is a Toyota Motors Sales, U.S.A., Inc. - Dealer Agreement franchise.
PPP Loan Information
Loan Status:Ongoing Loan
Puente Hills Imports in City Of Industry, CA received a Paycheck Protection Loan of $2.31M through Comerica Bank, 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, Puente Hills Imports' 2019 payroll expenses are estimated to be at least $11.11M.
Based on their reported 186 jobs retained, this equals an estimated average yearly compensation of $59,721 per employee1
Reported PPP Proceed Usage:
On the PPP application, Puente Hills Imports reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,851,366
- Mortgage Interest: $462,834
Business Information - Puente Hills Imports in City Of Industry, CA
17070 Gale Avenue
City Of Industry, CA 91745
New Car Dealers
NAICS code 441110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near City Of Industry
In the City Of Industry area, 5 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 87 employees (compared to this company's 186) and received an average PPP loan of $1,033,616 (compared to this company's $2.31M).
Similar Nearby Businesses Who Received PPP Funding:
Hitchcock Automotive Resources
City Of Industry, CA
Diamond Bar Imports, Inc
City Of Industry, CA
ED Butts Ford Inc
La Puente, CA
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, 72% lower than Puente Hills Imports' reported 186 employees, and received an average PPP loan of $618,860, 73% lower than this company's loan of $2.31M.
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Footnotes & Information
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