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In order to qualify for the PPP loan amount received, Racine Auto Dealer, LLC's 2019 payroll expenses are estimated to be at least $3.22M. Mount Pleasant is located in southeastern Racine County, Wisconsin. On the PPP application, Racine Auto Dealer LLC reported intending to use the proceeds of their PPP loan for the following expenses:īusiness Information - Racine Auto Dealer LLC in Mount Pleasant, WIįor Racine Auto Dealer, LLC, the calculation used to estimate payroll costs is shown below:īased 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, Racine Auto Dealer LLC's 2019 payroll expenses are estimated to be at least $3.22M.īased on their reported 43 jobs retained, this equals an estimated average yearly compensation of $74,896 per employee 1 Reported PPP Proceed Usage: Please Note: Information on estimated payroll and compensation based on PPP rules is provided for informational purposes only.īased 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). Toyota Scion New Car Dealership, Used Car Dealer, Sales, Service, Selection, Savings on Toyotas, Research, Reviews, Prices, Auto Parts & Finance.
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Additionally, because this standard calculation is based on the maximum loan eligibility, it will under-estimate payroll costs if the business did not apply for the full amount of loan to which it was entitled based on its 2019 payroll expenses and other variables described above. We offer a wide range of services including buying used and pre-owned vehicles, mobile servicing at your door, financing, leasing, part and accessories.Because salaries for PPP eligibility purposes are capped at $100k, businesses with highly-compensated employees will yield an under-estimation of actual payroll costs. From Business: Welcome to Racine Hyundai Racine Hyundai in Mount Pleasant, WI treats the needs of each individual customer with paramount concern.
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This estimation assumes that the PPP recipient applied for the full amount for which they were eligible, and no other variables affected the loan amount received. BUILD Professional midget racer from second-hand auto parts. Situations may exist in which it may not be accurate to estimate a PPP recipient's payroll expenses based on the amount of PPP loan received.
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Your vehicle deserves expert care from the people who know it better than anyone else. FWS - Federal Wage System Pay Calculator Frank Boucher Cadillac of Racine Certified Service.