PPP Loan Data — Ron Dupratt Ford Inc, Dixon, CA
Ron Dupratt Ford Inc is a corporation located at 1320 North First Street in Dixon, California that received a Coronavirus-related PPP loan from the SBA of $1,909,944.00 in April, 2020. This business is a Ford Motor Company Dealer Sales and Service Agreement franchise.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Northern Bank of Dixon
Ron Dupratt Ford Inc in Dixon, CA received a Paycheck Protection Loan of $1.91M through First Northern Bank of Dixon, 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 June, 2021.
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, Ron Dupratt Ford Inc's 2019 payroll expenses are estimated to be at least $9.17M.
Based on their reported 180 jobs retained, this equals an estimated average yearly compensation of $50,932 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ron Dupratt Ford Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,909,944
Business Information - Ron Dupratt Ford Inc in Dixon, CA
1320 North First Street
Dixon, CA 95620
New Car Dealers
NAICS code 441110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 19,896 businesses in the "New Car Dealers" industry received a total of $12.31B 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 52 employees, 71% lower than Ron Dupratt Ford Inc's reported 180 employees, and received an average PPP loan of $618,860, 68% lower than this company's loan of $1.91M.
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Footnotes & Information
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