PPP Loan Data — Sierra Autocars, Inc., Monrovia, CA
Sierra Autocars, Inc. is a corporation located at 1450 S. Shamrock Ave in Monrovia, California that received a Coronavirus-related PPP loan from the SBA of $2,599,800.00 in April, 2020.
$ PPP Loan Information
Sierra Autocars, Inc. received a Paycheck Protection Loan of $2.6M through COMERICA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sierra Autocars, Inc.'s total 2019 payroll expenses were approximately $12.48M in order to qualify for the PPP loan amount received.
Based on their reported 140 jobs retained, this equals an estimated average yearly compensation of $89,136 per employee1.
Business Information - Sierra Autocars, Inc. in Monrovia, CA
1450 S. Shamrock Ave
Monrovia, CA 91016
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-32
Similar Companies near Monrovia
In the Monrovia area, 4 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 140) and received an average PPP loan of $998,659 (compared to this company's $2.6M).
Similar Nearby Businesses Who Received PPP Funding:
Metro Infiniti, Inc
San Gabriel Valley Motor Cars Inc.
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, 66% lower than Sierra Autocars, Inc.'s reported 140 employees, and received an average PPP loan of $656,005, 75% lower than this company's loan of $2.6M.
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Footnotes & Information
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