PPP Loan Data — Schreier Specialties LLC, Sparks, NV
Schreier Specialties LLC is a limited liability company (LLC) located at 755 E Greg St. Suite 1 in Sparks, Nevada that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of the West
Schreier Specialties LLC in Sparks, NV received a Paycheck Protection Loan of $25,000 through Bank of the West, which was approved in May, 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, Schreier Specialties LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Schreier Specialties LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Schreier Specialties LLC in Sparks, NV
755 E Greg St. Suite 1
Sparks, NV 89431
General Automotive Repair
NAICS code 811111
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Sparks
In the Sparks area, 53 businesses in the "General Automotive Repair" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 2) and received an average PPP loan of $52,408 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Sunshine Service Brake And Alignment Inc
Professional Auto Care LLC
A-1 Body Shop
Sierra Truck & Trailer
Mooney's Automotive Service LLC
Dynamic Diesel, Inc
Independent Automotive Inc
Nadi Enterprises, LLC
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, 150% higher than Schreier Specialties LLC's reported 2 employees, and received an average PPP loan of $41,461, 66% higher than this company's loan of $25,000.
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Footnotes & Information
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