PPP Loan Data — Roush Ford, Inc, Columbus, OH
Roush Ford, Inc is a subchapter s corporation located at 5575 Keim Circle in Columbus, Ohio that received a Coronavirus-related PPP loan from the SBA of $1,610,000.00 in April, 2020. This business is a Ford Motor Company Dealer Sales and Service Agreement franchise.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Huntington National Bank
Roush Ford, Inc in Columbus, OH received a Paycheck Protection Loan of $1.61M through The Huntington National Bank, which was approved in April, 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, Roush Ford, Inc's 2019 payroll expenses are estimated to be at least $7.73M.
Based on their reported 92 jobs retained, this equals an estimated average yearly compensation of $84,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Roush Ford, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,610,000
Business Information - Roush Ford, Inc in Columbus, OH
5575 Keim Circle
Columbus, OH 43228
New Car Dealers
NAICS code 441110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Columbus
In the Columbus area, 14 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 59 employees (compared to this company's 92) and received an average PPP loan of $738,475 (compared to this company's $1.61M).
Similar Nearby Businesses Who Received PPP Funding:
Dick Masheter Ford, Inc
Haydocy Pontiac Inc
WF Automotive Of Columbus, LLC
Bob Caldwell Automotive Inc
Georgeville Nissan LLC
Kellie Auto Sales Inc
Crusin Classic LTD
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, 43% lower than Roush Ford, Inc's reported 92 employees, and received an average PPP loan of $618,860, 62% lower than this company's loan of $1.61M.
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Footnotes & Information
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