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PPP Loan Data — ROB's Automotive, Bristol, PA

SBA PPP loan data, payroll data, and salaries for ROB's Automotive
PA

ROB's Automotive

Entity: Corporation

Industry: General Automotive Repair

Location: Bristol, PA

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ROB's Automotive is a corporation located at 2700 Veterans Highway in Bristol, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,281,019.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 221 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.28M

Jobs Retained:

221

Loan Approved:

2020-04-10

Lender:

PENN COMMUNITY BANK

ROB's Automotive in Bristol, PA received a Paycheck Protection Loan of $3.28M through PENN COMMUNITY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, ROB's Automotive's total 2019 payroll expenses were approximately $15.75M in order to qualify for the PPP loan amount received.

Based on their reported 221 jobs retained, this equals an estimated average yearly compensation of $71,262 per employee1.

Because the loan received by ROB's Automotive 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 - ROB's Automotive in Bristol, PA

ROB's Automotive
2700 Veterans Highway
Bristol, PA 19007

Business Industry

General Automotive Repair (NAICS code 811111)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: PA-01

Similar Companies near Bristol

In the Bristol area, 24 businesses in the "General Automotive Repair" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 221) and received an average PPP loan of $192,354 (compared to this company's $3.28M).

Industry PPP Comparison Statistics

Nationwide, 53,447 businesses in the "General Automotive Repair" industry received a total of $2,671,701,258.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 98% lower than ROB's Automotive's reported 221 employees, and received an average PPP loan of $49,988, 98% lower than this company's loan of $3.28M.

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/robs-automotive-bristol-pa