PPP Loan Data — RGH Automotive, LLC, New Holland, PA
RGH Automotive, LLC is a limited liability company (LLC) located at 508 W Main St in New Holland, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,619,000.00 in April, 2020.
$ PPP Loan Information
RGH Automotive, LLC in New Holland, PA received a Paycheck Protection Loan of $2.62M through COMERICA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, RGH Automotive, LLC's total 2019 payroll expenses were approximately $12.57M in order to qualify for the PPP loan amount received.
Based on their reported 204 jobs retained, this equals an estimated average yearly compensation of $61,624 per employee1.
Business Information - RGH Automotive, LLC in New Holland, PA
508 W Main St
New Holland, PA 17557
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-11
Similar Companies near New Holland
In the New Holland area, 3 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 88 employees (compared to this company's 204) and received an average PPP loan of $1,167,295 (compared to this company's $2.62M).
Similar Nearby Businesses Who Received PPP Funding:
Turner Automotive New Holland, Inc.
New Holland, PA
John N Sauder Auto Company
New Holland, PA
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, 77% lower than RGH Automotive, LLC's reported 204 employees, and received an average PPP loan of $656,005, 75% lower than this company's loan of $2.62M.
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Footnotes & Information
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