PPP Loan Data — Brunnhoelzl Racing Inc, Mooresville, NC
Brunnhoelzl Racing Inc
Location: Mooresville, NCTweet This • Search All PPP Data
Brunnhoelzl Racing Inc is a corporation located at 803 Performance Rd in Mooresville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $25,452.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Brunnhoelzl Racing Inc in Mooresville, NC received a Paycheck Protection Loan of $25,452 through Bank of America, National Association, 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, Brunnhoelzl Racing Inc's 2019 payroll expenses are estimated to be at least $122,170.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,723 per employee1
Reported PPP Proceed Usage:
On the PPP application, Brunnhoelzl Racing Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,452
Business Information - Brunnhoelzl Racing Inc in Mooresville, NC
803 Performance Rd
Mooresville, NC 28115
All Other Miscellaneous Fabricated Metal Product Manufacturing
NAICS code 332999
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Mooresville
In the Mooresville area, 6 businesses in the "All Other Miscellaneous Fabricated Metal Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 3) and received an average PPP loan of $68,317 (compared to this company's $25,452).
Similar Nearby Businesses Who Received PPP Funding:
Textile Designed Machine Company
Nitro Manufacturing Inc
Chek Industries, Inc
Industry PPP Comparison Statistics
Nationwide, 8,434 businesses in the "All Other Miscellaneous Fabricated Metal Product Manufacturing" industry received a total of $1.95B 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 20 employees, 567% higher than Brunnhoelzl Racing Inc's reported 3 employees, and received an average PPP loan of $231,549, 810% higher than this company's loan of $25,452.
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