PPP Loan Data — S.b.l. Auto Inc, Torrance, CA
S.b.l. Auto Inc is a subchapter s corporation located at 24777 Crenshaw Blvd in Torrance, California that received a Coronavirus-related PPP loan from the SBA of $1,692,122.00 in April, 2020. This business is a Lexus Dealer Agreement franchise.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Toyota Financial Savings Bank
S.b.l. Auto Inc in Torrance, CA received a Paycheck Protection Loan of $1.69M through Toyota Financial Savings 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, S.b.l. Auto Inc's 2019 payroll expenses are estimated to be at least $8.12M.
Based on their reported 118 jobs retained, this equals an estimated average yearly compensation of $68,832 per employee1
Reported PPP Proceed Usage:
On the PPP application, S.b.l. Auto Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,692,122
Business Information - S.b.l. Auto Inc in Torrance, CA
24777 Crenshaw Blvd
Torrance, CA 90505
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
Similar Companies near Torrance
In the Torrance area, 10 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 63 employees (compared to this company's 118) and received an average PPP loan of $799,130 (compared to this company's $1.69M).
Similar Nearby Businesses Who Received PPP Funding:
Marathon Marketing & Management Inc
Joe Giacomin Chevrolet, Inc
AL's Jaguar Inc
KKT Automotive, LLC
Mckenna Motors Torrance Inc
UAG Southbay LLC
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, 56% lower than S.b.l. Auto Inc's reported 118 employees, and received an average PPP loan of $618,860, 63% lower than this company's loan of $1.69M.
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Footnotes & Information
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