PPP Loan Data — Triangle Auto Center Inc., Hollywood, FL
Triangle Auto Center Inc. is a subchapter s corporation located at 1841 N State Road 7 in Hollywood, Florida that received a Coronavirus-related PPP loan from the SBA of $2,925,233.00 in April, 2020.
$ PPP Loan Information
Triangle Auto Center Inc. received a Paycheck Protection Loan of $2.93M through SYNOVUS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Triangle Auto Center Inc.'s total 2019 payroll expenses were approximately $14.04M in order to qualify for the PPP loan amount received.
Based on their reported 267 jobs retained, this equals an estimated average yearly compensation of $52,588 per employee1.
Business Information - Triangle Auto Center Inc. in Hollywood, FL
1841 N State Road 7
Hollywood, FL 33021
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-23
Similar Companies near Hollywood
In the Hollywood area, 12 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 81 employees (compared to this company's 267) and received an average PPP loan of $1,058,821 (compared to this company's $2.93M).
Similar Nearby Businesses Who Received PPP Funding:
The Craig Collection LTD Inc
Nationwide Lift Trucks, Inc.
Countyline Auto Center Inc
FWH Trucking, Inc.
Triangle Auto Works, LLC
Max R Consulting Corp
R And L Car Broker Corporation
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, 82% lower than Triangle Auto Center Inc.'s reported 267 employees, and received an average PPP loan of $656,005, 78% lower than this company's loan of $2.93M.
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