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PPP Loan Data — Valley Cash For Cars, Inc.,
North Hollywood, CA
Valley Cash For Cars, Inc.
Entity: Corporation
Industry: New Car Dealers
Location: North Hollywood, CA
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Valley Cash For Cars, Inc. is a corporation located at 11216 1/2 Burbank Blvd in North Hollywood, California that received a Coronavirus-related PPP loan from the SBA of $7,358.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
3Loan Approved:
2020-05-01Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONValley Cash For Cars, Inc. received a Paycheck Protection Loan of $7,358 through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Valley Cash For Cars, Inc.'s total 2019 payroll expenses were approximately $35,318 in order to qualify for the PPP loan amount received.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $11,773 per employee1.
Business Information - Valley Cash For Cars, Inc. in North Hollywood, CA
11216 1/2 Burbank Blvd
North Hollywood, CA 91601
Business Industry
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-29Similar Companies near North Hollywood
In the North Hollywood area, 6 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 99 employees (compared to this company's 3) and received an average PPP loan of $1,293,542 (compared to this company's $7,358).
Similar Nearby Businesses Who Received PPP Funding:
Boktor Motors Inc.
North Hollywood, CA
NGP Motors, Inc
North Hollywood, CA
Century West, LLC
North Hollywood, CA
Cappo Management Li, LLC
North Hollywood, CA
TNH Motors Inc.
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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, 1467% higher than Valley Cash For Cars, Inc.'s reported 3 employees, and received an average PPP loan of $656,005, 8816% higher than this company's loan of $7,358.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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