PPP Loan Data — Sterling Automotive Group, Inc., Opelousas, LA
Sterling Automotive Group, Inc. is a subchapter s corporation located at 5504 I 49 N Service Rd in Opelousas, Louisiana that received a Coronavirus-related PPP loan from the SBA of $3,793,300.00 in April, 2020.
$ PPP Loan Information
Lender:HANCOCK WHITNEY BANK
Sterling Automotive Group, Inc. in Opelousas, LA received a Paycheck Protection Loan of $3.79M through HANCOCK WHITNEY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sterling Automotive Group, Inc.'s total 2019 payroll expenses were approximately $18.21M in order to qualify for the PPP loan amount received.
Based on their reported 328 jobs retained, this equals an estimated average yearly compensation of $55,512 per employee1.
Business Information - Sterling Automotive Group, Inc. in Opelousas, LA
5504 I 49 N Service Rd
Opelousas, LA 70570
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: LA-05
Similar Companies near Opelousas
In the Opelousas area, 5 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 90 employees (compared to this company's 328) and received an average PPP loan of $1,065,411 (compared to this company's $3.79M).
Similar Nearby Businesses Who Received PPP Funding:
Courvelle Happy Town USA Inc
Courvelles RV Inc
A Auto LLC
Sterling Ford Lincoln, LLC
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, 86% lower than Sterling Automotive Group, Inc.'s reported 328 employees, and received an average PPP loan of $656,005, 83% lower than this company's loan of $3.79M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!