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PPP Loan Data — Royal Moore Buick Gmc Inc, Hillsboro, OR

SBA PPP loan data, payroll data, and salaries for Royal Moore Buick Gmc Inc
OR

Royal Moore Buick Gmc Inc

Entity: Subchapter S Corporation

Industry: New Car Dealers

Location: Hillsboro, OR

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Royal Moore Buick Gmc Inc is a subchapter s corporation located at 1380 Se River Rd in Hillsboro, Oregon that received a Coronavirus-related PPP loan from the SBA of $2,436,513.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.44M

Jobs Retained:

229

Loan Approved:

2020-04-28

Lender:

U.S. BANK, NATIONAL ASSOCIATION

Royal Moore Buick Gmc Inc in Hillsboro, OR received a Paycheck Protection Loan of $2.44M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Royal Moore Buick Gmc Inc's total 2019 payroll expenses were approximately $11.7M in order to qualify for the PPP loan amount received.

Based on their reported 229 jobs retained, this equals an estimated average yearly compensation of $51,071 per employee1.

Because the loan received by Royal Moore Buick Gmc Inc 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 - Royal Moore Buick Gmc Inc in Hillsboro, OR

Royal Moore Buick Gmc Inc
1380 Se River Rd
Hillsboro, OR 97123

Business Industry

New Car Dealers (NAICS code 441110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OR-01

Similar Companies near Hillsboro

In the Hillsboro area, 9 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 229) and received an average PPP loan of $628,961 (compared to this company's $2.44M).

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, 79% lower than Royal Moore Buick Gmc Inc's reported 229 employees, and received an average PPP loan of $656,005, 73% lower than this company's loan of $2.44M.

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/royal-moore-buick-gmc-inc-hillsboro-or