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PPP Loan Data — Ressler Motor Company, Bozeman, MT

SBA PPP loan data, payroll data, and salaries for Ressler Motor Company
MT

Ressler Motor Company

Entity: Trust

Industry: New Car Dealers

Location: Bozeman, MT

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Ressler Motor Company is a trust located at 8475 Huffine Lane in Bozeman, Montana that received a Coronavirus-related PPP loan from the SBA of $3,390,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.39M

Jobs Retained:

287

Loan Approved:

2020-04-07

Lender:

ALERUS FINANCIAL, NATIONAL ASSOCIATION

Ressler Motor Company in Bozeman, MT received a Paycheck Protection Loan of $3.39M through ALERUS FINANCIAL, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Ressler Motor Company's total 2019 payroll expenses were approximately $16.27M in order to qualify for the PPP loan amount received.

Based on their reported 287 jobs retained, this equals an estimated average yearly compensation of $56,702 per employee1.

Because the loan received by Ressler Motor Company 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 - Ressler Motor Company in Bozeman, MT

Ressler Motor Company
8475 Huffine Lane
Bozeman, MT 59718

Business Industry

New Car Dealers (NAICS code 441110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MT-

Similar Companies near Bozeman

In the Bozeman area, 5 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 111 employees (compared to this company's 287) and received an average PPP loan of $1,459,720 (compared to this company's $3.39M).

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, 84% lower than Ressler Motor Company's reported 287 employees, and received an average PPP loan of $656,005, 81% lower than this company's loan of $3.39M.

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.

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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/ressler-motor-company-bozeman-mt