PPP Loan Data — Sam Pack's Ford Country Of Lewisville, LTD, Lewisville, TX
Sam Pack's Ford Country Of Lewisville, LTD is a limited liability partnership located at 1144 N Stemmons Fwy in Lewisville, Texas that received a Coronavirus-related PPP loan from the SBA of $1,587,700.00 in April, 2020. This business is a Ford Motor Company Dealer Sales and Service Agreement franchise.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Guaranty Bank & Trust, National Association
Sam Pack's Ford Country Of Lewisville, LTD in Lewisville, TX received a Paycheck Protection Loan of $1.59M through Guaranty Bank & Trust, National Association, 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, Sam Pack's Ford Country Of Lewisville, LTD's 2019 payroll expenses are estimated to be at least $7.62M.
Based on their reported 123 jobs retained, this equals an estimated average yearly compensation of $61,959 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sam Pack's Ford Country Of Lewisville, LTD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,587,700
Business Information - Sam Pack's Ford Country Of Lewisville, LTD in Lewisville, TX
1144 N Stemmons Fwy
Lewisville, TX 75067
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 Lewisville
In the Lewisville area, 5 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 100 employees (compared to this company's 123) and received an average PPP loan of $1,289,034 (compared to this company's $1.59M).
Similar Nearby Businesses Who Received PPP Funding:
Lewisville Autoplex LLC
Lewisville N Motor Company, LLC
Huffines Chevrolet Lewisville, Inc
Huffines Dodge Lewisville, Inc
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, 58% lower than Sam Pack's Ford Country Of Lewisville, LTD's reported 123 employees, and received an average PPP loan of $618,860, 61% lower than this company's loan of $1.59M.
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Footnotes & Information
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