PPP Loan Data — S & B Auto LLC DBA Auto City, Fresno, CA
S & B Auto LLC DBA Auto City is a limited liability company (LLC) located at 2627 N Blackstone Ave Ste 105 in Fresno, California that received a Coronavirus-related PPP loan from the SBA of $46,293.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
S & B Auto LLC DBA Auto City in Fresno, CA received a Paycheck Protection Loan of $46,293 through Wells Fargo Bank, National Association, which was approved in May, 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 April, 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, S & B Auto LLC DBA Auto City's 2019 payroll expenses are estimated to be at least $222,206.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,744 per employee1
Reported PPP Proceed Usage:
On the PPP application, S & B Auto LLC DBA Auto City reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,293
Business Information - S & B Auto LLC DBA Auto City in Fresno, CA
2627 N Blackstone Ave Ste 105
Fresno, CA 93703
General Automotive Repair
NAICS code 811111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fresno
In the Fresno area, 31 businesses in the "General Automotive Repair" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 7) and received an average PPP loan of $30,296 (compared to this company's $46,293).
Similar Nearby Businesses Who Received PPP Funding:
Dockstader And Dockstader, Inc
K & N Auto Service
Manuel Romo DBA Amigos Enterprises
Louis Frame & Wheel
Industry PPP Comparison Statistics
Nationwide, 95,091 businesses in the "General Automotive Repair" industry received a total of $3.94B 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 5 employees, 29% lower than S & B Auto LLC DBA Auto City's reported 7 employees, and received an average PPP loan of $41,461, 10% lower than this company's loan of $46,293.
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Footnotes & Information
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