PPP Loan Data — United Auto Collision, Phila, PA
United Auto Collision
Location: Phila, PATweet This • Search All PPP Data
United Auto Collision is a corporation located at 3913 Germantown Ave in Phila, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $46,500.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least twelve people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Citizens Bank, National Association
United Auto Collision in Phila, PA received a Paycheck Protection Loan of $46,500 through Citizens Bank, National Association, 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, United Auto Collision's 2019 payroll expenses are estimated to be at least $223,200.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $18,600 per employee1
Reported PPP Proceed Usage:
On the PPP application, United Auto Collision reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,500
Business Information - United Auto Collision in Phila, PA
3913 Germantown Ave
Phila, PA 19140
Automotive Body, Paint, and Interior Repair and Maintenance
NAICS code 811121
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Phila
In the Phila area, 14 businesses in the "Automotive Body, Paint, and Interior Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 12) and received an average PPP loan of $34,618 (compared to this company's $46,500).
Similar Nearby Businesses Who Received PPP Funding:
Danyeis De Jesus Roa
P L Auto Body Inc
Perfection Auto Collision Inc
Goldstar Paint & Autobody Corp DBA
Joseph's Towing & Collision Care
Industry PPP Comparison Statistics
Nationwide, 41,993 businesses in the "Automotive Body, Paint, and Interior Repair and Maintenance" industry received a total of $2.54B 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 6 employees, 50% lower than United Auto Collision's reported 12 employees, and received an average PPP loan of $60,493, 30% higher than this company's loan of $46,500.
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