PPP Loan Data — Subaru Of Beechmont, Inc, Mason, OH
Subaru Of Beechmont, Inc is a corporation located at 4780 Socialville Foster Rd in Mason, Ohio that received a Coronavirus-related PPP loan from the SBA of $1,548,800.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Subaru Of Beechmont, Inc in Mason, OH received a Paycheck Protection Loan of $1.55M through PNC Bank, National Association, 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, Subaru Of Beechmont, Inc's 2019 payroll expenses are estimated to be at least $7.43M.
Based on their reported 146 jobs retained, this equals an estimated average yearly compensation of $50,919 per employee1
Reported PPP Proceed Usage:
On the PPP application, Subaru Of Beechmont, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,548,800
Business Information - Subaru Of Beechmont, Inc in Mason, OH
4780 Socialville Foster Rd
Mason, OH 45040
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 Mason
In the Mason area, 8 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 104 employees (compared to this company's 146) and received an average PPP loan of $1,167,300 (compared to this company's $1.55M).
Similar Nearby Businesses Who Received PPP Funding:
Auto Center USA Inc
Fairfield Lincoln Mercury Inc
Kings Dodge Inc
Northgate Lincoln-Mercury Inc
Montgomery Lincoln Inc
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, 64% lower than Subaru Of Beechmont, Inc's reported 146 employees, and received an average PPP loan of $618,860, 60% lower than this company's loan of $1.55M.
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Footnotes & Information
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