PPP Loan Data — Van Horn Automotive Group, Inc., Plymouth, WI
Van Horn Automotive Group, Inc. is a subchapter s corporation located at W5073 County Rd O in Plymouth, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $2,683,700.00 in April, 2020.
$ PPP Loan Information
Lender:BANK FIRST, N.A.
Van Horn Automotive Group, Inc. in Plymouth, WI received a Paycheck Protection Loan of $2.68M through BANK FIRST, N.A., which was approved in April, 2020.
Based on standard PPP eligibility rules, Van Horn Automotive Group, Inc.'s total 2019 payroll expenses were approximately $12.88M in order to qualify for the PPP loan amount received.
Based on their reported 283 jobs retained, this equals an estimated average yearly compensation of $45,519 per employee1.
Business Information - Van Horn Automotive Group, Inc. in Plymouth, WI
W5073 County Rd O
Plymouth, WI 53073
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WI-06
Similar Companies near Plymouth
In the Plymouth area, 5 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 88 employees (compared to this company's 283) and received an average PPP loan of $960,780 (compared to this company's $2.68M).
Similar Nearby Businesses Who Received PPP Funding:
Joe Van Horn Chevrolet, Inc.
Meyer Motors, Inc.
Mike Burkart Ford Mercury Inc
Chuck Van Horn Sales, LLC
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, 83% lower than Van Horn Automotive Group, Inc.'s reported 283 employees, and received an average PPP loan of $656,005, 76% lower than this company's loan of $2.68M.
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Footnotes & Information
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