PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Southern Oregon Auto Sales LLC, Medford, OR

ALERT: There are 2 PPP loans for a total of $25,405 in our database for businesses with the name "Southern Oregon Auto Sales LLC" in Medford, OR. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Southern Oregon Auto Sales LLC
OR

Southern Oregon Auto Sales LLC

Entity: Corporation

Industry: Used Car Dealers

Location: Medford, OR

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Southern Oregon Auto Sales LLC is a corporation located at 308 N Central Ave in Medford, Oregon that received a Coronavirus-related PPP loan from the SBA of $12,145.00 in February, 2021.

The company has reported itself as a White owned business, and employed at least three people during the applicable loan loan period.

$ PPP Loan Information
Loan #3148658509

Loan Size:

$12,145

Jobs Retained:

3

Loan Approved:

2021-02-23

Loan Status:

Ongoing Loan

Lender:

Loan Source Incorporated

Southern Oregon Auto Sales LLC in Medford, OR received a Paycheck Protection Loan of $12,145 through Loan Source Incorporated, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Southern Oregon Auto Sales LLC's 2019 payroll expenses are estimated to be at least $58,296.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $19,432 per employee1

Reported PPP Proceed Usage:

On the PPP application, Southern Oregon Auto Sales LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $12,143
  • Utilities: $1

Business Information - Southern Oregon Auto Sales LLC in Medford, OR

Southern Oregon Auto Sales LLC
308 N Central Ave
Medford, OR 97501

Business Industry:
Used Car Dealers
NAICS code 441120

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Jackson County, OR — SBA Office 1086 — Congressional District: OR-02

Similar Companies near Medford

In the Medford area, 11 businesses in the "Used Car Dealers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $32,483 (compared to this company's $12,145).

Industry PPP Comparison Statistics

Nationwide, 39,423 businesses in the "Used Car Dealers" industry received a total of $2.16B 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 6 employees, 100% higher than Southern Oregon Auto Sales LLC's reported 3 employees, and received an average PPP loan of $54,810, 351% higher than this company's loan of $12,145.

SBA PPP loan data, payroll data, and salaries for Southern Oregon Auto Sales LLC
OR

Southern Oregon Auto Sales LLC

Entity: Corporation

Industry: New Car Dealers

Location: Medford, OR

Search All PPP Data

Southern Oregon Auto Sales LLC is a corporation located at 308 N. Central Ave. in Medford, Oregon that received a Coronavirus-related PPP loan from the SBA of $13,260.00 in April, 2020.

The company has reported itself as a White male veteran owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #7887757107

Loan Size:

$13,260

Jobs Retained:

1

Loan Approved:

2020-04-14

Loan Status:

Paid in Full or Forgiven

Lender:

Rogue CU

Southern Oregon Auto Sales LLC in Medford, OR received a Paycheck Protection Loan of $13,260 through Rogue CU, which was approved in April, 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 July, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Southern Oregon Auto Sales LLC's 2019 payroll expenses are estimated to be at least $63,648.

Based on their reported 1 jobs retained, this equals an estimated average yearly compensation of $63,648 per employee1

Reported PPP Proceed Usage:

On the PPP application, Southern Oregon Auto Sales LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $13,260

Business Information - Southern Oregon Auto Sales LLC in Medford, OR

Southern Oregon Auto Sales LLC
308 N. Central Ave.
Medford, OR 97501

Business Industry:
New Car Dealers
NAICS code 441110

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Jackson County, OR — SBA Office 1086 — Congressional District: OR-02

Industry PPP Comparison Statistics

Nationwide, 19,844 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, 5100% higher than Southern Oregon Auto Sales LLC's reported 1 employees, and received an average PPP loan of $620,298, 4578% higher than this company's loan of $13,260.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/southern-oregon-auto-sales-llc-medford-or