PPP Loan Data — Ray Skillman Ford, Inc, Greenwood, IN
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
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.
Business Information - Ray Skillman Ford, Inc in Greenwood, IN
1250 Us 31
Greenwood, IN 46143
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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.
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.
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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