PPP Loan Data — The Autospa Car Care Center LLC, Thornton, CO
The Autospa Car Care Center LLC is a limited liability company (LLC) located at 15831 Josephine Circle West in Thornton, Colorado that received a Coronavirus-related PPP loan from the SBA of $47,001.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
The Autospa Car Care Center LLC in Thornton, CO received a Paycheck Protection Loan of $47,001 through Wells Fargo Bank, National Association, which was approved in May, 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, The Autospa Car Care Center LLC's 2019 payroll expenses are estimated to be at least $225,605.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $45,121 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Autospa Car Care Center LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,001
Business Information - The Autospa Car Care Center LLC in Thornton, CO
15831 Josephine Circle West
Thornton, CO 80602
General Automotive Repair
NAICS code 811111
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Thornton
In the Thornton area, 25 businesses in the "General Automotive Repair" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 5) and received an average PPP loan of $58,453 (compared to this company's $47,001).
Similar Nearby Businesses Who Received PPP Funding:
Excel Diesel & Suv LLC
Brighton Radiator And Muffler, LLC
T&F Motorsports LLC
Rocky Mountain Mobile Truck Service
Hoff Enterprises LLC
Team Carnage Crew LLC
Total Car Care Inc
KJ Sales & Service, LLC
Industry PPP Comparison Statistics
Nationwide, 95,091 businesses in the "General Automotive Repair" industry received a total of $3.94B 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 5 employees, the same amount reported by The Autospa Car Care Center LLC and received an average PPP loan of $41,461, 12% lower than this company's loan of $47,001.
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Footnotes & Information
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