PPP Loan Data — Swickard Corporation, Wilsonville, OR
Swickard Corporation is a subchapter s corporation located at 25035 Sw Parkway Ave in Wilsonville, Oregon that received a Coronavirus-related PPP loan from the SBA of $1,740,505.00 in April, 2020. This business is a Mercedes-Benz - Passenger Car Dealer Agreement franchise.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:City National Bank of Florida
Swickard Corporation in Wilsonville, OR received a Paycheck Protection Loan of $1.74M through City National Bank of Florida, 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, Swickard Corporation's 2019 payroll expenses are estimated to be at least $8.35M.
Based on their reported 127 jobs retained, this equals an estimated average yearly compensation of $65,783 per employee1
Reported PPP Proceed Usage:
On the PPP application, Swickard Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,305,379
- Utilities: $435,126
Business Information - Swickard Corporation in Wilsonville, OR
25035 Sw Parkway Ave
Wilsonville, OR 97070
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 Wilsonville
In the Wilsonville area, 12 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 54 employees (compared to this company's 127) and received an average PPP loan of $733,187 (compared to this company's $1.74M).
Similar Nearby Businesses Who Received PPP Funding:
Corvette Specialties Inc
GEE Automotive Portland IX, LLC
Wilsonville S LLC
Hillyers Mid City Ford
OB Portland 3, Inc
Rtgt Dealership LLC
Wilsonville Chevrolet, 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, 59% lower than Swickard Corporation's reported 127 employees, and received an average PPP loan of $618,860, 64% lower than this company's loan of $1.74M.
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Footnotes & Information
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