PPP Loan Data — Wilde Autos, Inc, Waukesha, WI
Wilde Autos, Inc is a subchapter s corporation located at 1603 E. Moreland Blvd in Waukesha, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $2,020,782.00 in April, 2020. This business is a Honda Automobile Division - Dealer Sales and Service Agreement franchise.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Toyota Financial Savings Bank
Wilde Autos, Inc in Waukesha, WI received a Paycheck Protection Loan of $2.02M through Toyota Financial Savings Bank, 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, Wilde Autos, Inc's 2019 payroll expenses are estimated to be at least $9.7M.
Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $48,499 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wilde Autos, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,020,782
Business Information - Wilde Autos, Inc in Waukesha, WI
1603 E. Moreland Blvd
Waukesha, WI 53186
New Car Dealers
NAICS code 441110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Waukesha
In the Waukesha area, 10 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 116 employees (compared to this company's 200) and received an average PPP loan of $1,225,407 (compared to this company's $2.02M).
Similar Nearby Businesses Who Received PPP Funding:
Boucher Chevrolet, Inc
Boucher Ventures, Inc
Russ Darrow Waukesha, LLC
Waukesha Imports, LLC
Griffin Sales, Inc
Wilde Motors, Inc
Griffin Ford, Inc
Griffin Auto, Inc
Industry PPP Comparison Statistics
Nationwide, 19,896 businesses in the "New Car Dealers" industry received a total of $12.31B 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 52 employees, 74% lower than Wilde Autos, Inc's reported 200 employees, and received an average PPP loan of $618,860, 69% lower than this company's loan of $2.02M.
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Footnotes & Information
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