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PPP Loan Data — Ray Skillman Ford, Inc, Greenwood, IN

SBA PPP loan data, payroll data, and salaries for Ray Skillman Ford, Inc
IN

Ray Skillman Ford, Inc

Entity: Subchapter S Corporation

Industry: New Car Dealers

Location: Greenwood, IN

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Ray Skillman Ford, Inc is a subchapter s corporation located at 1250 Us 31 in Greenwood, Indiana that received a Coronavirus-related PPP loan from the SBA of $3,066,015.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.07M

Jobs Retained:

235

Loan Approved:

2020-04-09

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Ray Skillman Ford, Inc in Greenwood, IN received a Paycheck Protection Loan of $3.07M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Ray Skillman Ford, Inc's total 2019 payroll expenses were approximately $14.72M in order to qualify for the PPP loan amount received.

Based on their reported 235 jobs retained, this equals an estimated average yearly compensation of $62,625 per employee1.

Because the loan received by Ray Skillman Ford, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Ray Skillman Ford, Inc in Greenwood, IN

Ray Skillman Ford, Inc
1250 Us 31
Greenwood, IN 46143

Business Industry

New Car Dealers (NAICS code 441110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IN-09

Similar Companies near Greenwood

In the Greenwood area, 2 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 165 employees (compared to this company's 235) and received an average PPP loan of $2,016,800 (compared to this company's $3.07M).

Similar Nearby Businesses Who Received PPP Funding:

Tom O'Brien Co.
Greenwood, IN

$967,585 PPP Loan

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, 80% lower than Ray Skillman Ford, Inc's reported 235 employees, and received an average PPP loan of $656,005, 79% lower than this company's loan of $3.07M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/ray-skillman-ford-inc-greenwood-in