PPP Loan Data — Westbury Jeep Chrysler Dodge Ram, Jericho, NY
Westbury Jeep Chrysler Dodge Ram is a subchapter s corporation located at 100 Jericho Tpk in Jericho, New York that received a Coronavirus-related PPP loan from the SBA of $2,985,505.00 in April, 2020.
$ PPP Loan Information
Lender:VALLEY NATIONAL BANK
Westbury Jeep Chrysler Dodge Ram received a Paycheck Protection Loan of $2.99M through VALLEY NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Westbury Jeep Chrysler Dodge Ram's total 2019 payroll expenses were approximately $14.33M in order to qualify for the PPP loan amount received.
Based on their reported 206 jobs retained, this equals an estimated average yearly compensation of $69,565 per employee1.
Business Information - Westbury Jeep Chrysler Dodge Ram in Jericho, NY
100 Jericho Tpk
Jericho, NY 11753
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-03
Similar Companies near Jericho
In the Jericho area, 2 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 103 employees (compared to this company's 206) and received an average PPP loan of $1,875,077 (compared to this company's $2.99M).
Similar Nearby Businesses Who Received PPP Funding:
Porsche Gold Coast
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, 77% lower than Westbury Jeep Chrysler Dodge Ram's reported 206 employees, and received an average PPP loan of $656,005, 78% lower than this company's loan of $2.99M.
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Footnotes & Information
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