PPP Loan Data — Sunset Chevrolet, Inc, Sumner, WA
Sunset Chevrolet, Inc is a subchapter s corporation located at 910 Traffic Ave in Sumner, Washington that received a Coronavirus-related PPP loan from the SBA of $2,485,800.00 in April, 2020.
$ PPP Loan Information
Sunset Chevrolet, Inc in Sumner, WA received a Paycheck Protection Loan of $2.49M through COMERICA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sunset Chevrolet, Inc's total 2019 payroll expenses were approximately $11.93M in order to qualify for the PPP loan amount received.
Based on their reported 204 jobs retained, this equals an estimated average yearly compensation of $58,489 per employee1.
Business Information - Sunset Chevrolet, Inc in Sumner, WA
910 Traffic Ave
Sumner, WA 98390
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WA-10
Similar Companies near Sumner
In the Sumner area, 4 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 76 employees (compared to this company's 204) and received an average PPP loan of $1,066,600 (compared to this company's $2.49M).
Similar Nearby Businesses Who Received PPP Funding:
Koolit Truck Sales Inc.
Sunset Ford, 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, 77% lower than Sunset Chevrolet, Inc's reported 204 employees, and received an average PPP loan of $656,005, 74% lower than this company's loan of $2.49M.
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Footnotes & Information
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