PPP Loan Data — Robinson Auto Supply, Inc, Winnsboro, LA
Robinson Auto Supply, Inc is a corporation located at 3424 Front St in Winnsboro, Louisiana that received a Coronavirus-related PPP loan from the SBA of $25,404.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Franklin State Bank & Trust Company
Robinson Auto Supply, Inc in Winnsboro, LA received a Paycheck Protection Loan of $25,404 through Franklin State Bank & Trust Company, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in December, 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, Robinson Auto Supply, Inc's 2019 payroll expenses are estimated to be at least $121,939.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $15,242 per employee1
Reported PPP Proceed Usage:
On the PPP application, Robinson Auto Supply, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,053
- Utilities: $3,176
- Mortgage Interest: $3,176
Business Information - Robinson Auto Supply, Inc in Winnsboro, LA
3424 Front St
Winnsboro, LA 71295
Automotive Parts and Accessories Stores
NAICS code 441310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 17,983 businesses in the "Automotive Parts and Accessories Stores" industry received a total of $1.2B 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 8 employees, the same amount reported by Robinson Auto Supply, Inc and received an average PPP loan of $66,454, 162% higher than this company's loan of $25,404.
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Footnotes & Information
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