PPP Loan Data — Suburban Motors Company, LLC, Troy, MI
Suburban Motors Company, LLC is a limited liability company (LLC) located at 1810 Maplelawn in Troy, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,008,000.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 222 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
Suburban Motors Company, LLC in Troy, MI received a Paycheck Protection Loan of $3.01M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Suburban Motors Company, LLC's total 2019 payroll expenses were approximately $14.44M in order to qualify for the PPP loan amount received.
Based on their reported 222 jobs retained, this equals an estimated average yearly compensation of $65,038 per employee1.
Business Information - Suburban Motors Company, LLC in Troy, MI
Troy, MI 48084
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: NON-VETERANCongressional District: MI-11
Similar Companies near Troy
In the Troy area, 15 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 62 employees (compared to this company's 222) and received an average PPP loan of $855,983 (compared to this company's $3.01M).
Similar Nearby Businesses Who Received PPP Funding:
Dean Sellers, Inc.
Suburban Hyundai LLC
Suburban Imports, LLC
Suburban Infiniti Of Troy, LLC
Lincoln Of Troy, Inc DBA Global Collision Center Or
Suburban Ford Accessories, LLC
Troy Motors, Inc.
Motors Management, 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, 79% lower than Suburban Motors Company, LLC's reported 222 employees, and received an average PPP loan of $656,005, 78% lower than this company's loan of $3.01M.
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Footnotes & Information
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