PPP Loan Data — TMI Automotive Products, Inc., Corona, CA
TMI Automotive Products, Inc. is a subchapter s corporation located at 1493 E Bentley Dr in Corona, California that received a Coronavirus-related PPP loan from the SBA of $2,506,300.00 in April, 2020.
$ PPP Loan Information
Lender:EAST WEST BANK
TMI Automotive Products, Inc. received a Paycheck Protection Loan of $2.51M through EAST WEST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, TMI Automotive Products, Inc.'s total 2019 payroll expenses were approximately $12.03M in order to qualify for the PPP loan amount received.
Based on their reported 335 jobs retained, this equals an estimated average yearly compensation of $35,911 per employee1.
Business Information - TMI Automotive Products, Inc. in Corona, CA
1493 E Bentley Dr
Corona, CA 92880
Consumer Electronics Repair and Maintenance (NAICS code 811211)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-42
Industry PPP Comparison Statistics
Nationwide, 2,023 businesses in the "Consumer Electronics Repair and Maintenance" industry received a total of $108,849,420.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 98% lower than TMI Automotive Products, Inc.'s reported 335 employees, and received an average PPP loan of $53,806, 98% lower than this company's loan of $2.51M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!