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PPP Loan Data — Buckeye Fire Equipment Company, Kings Mountain, NC

SBA PPP loan data, payroll data, and salaries for Buckeye Fire Equipment Company
NC

Buckeye Fire Equipment Company

Entity: Corporation

Industry: All Other Miscellaneous Manufacturing

Location: Kings Mountain, NC

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Buckeye Fire Equipment Company is a corporation located at 110 Kings Road in Kings Mountain, North Carolina that received a Coronavirus-related PPP loan from the SBA of $3,526,400.00 in May, 2020.

The company has reported itself as a male owned business, and employed at least 329 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.53M

Jobs Retained:

329

Loan Approved:

2020-05-04

Lender:

TRUIST BANK D/B/A BRANCH BANKING & TRUST CO

Buckeye Fire Equipment Company received a Paycheck Protection Loan of $3.53M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in May, 2020.

Based on standard PPP eligibility rules, Buckeye Fire Equipment Company's total 2019 payroll expenses were approximately $16.93M in order to qualify for the PPP loan amount received.

Based on their reported 329 jobs retained, this equals an estimated average yearly compensation of $51,449 per employee1.

Because the loan received by Buckeye Fire Equipment Company is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Buckeye Fire Equipment Company in Kings Mountain, NC

Buckeye Fire Equipment Company
110 Kings Road
Kings Mountain, NC 28086

Business Industry

All Other Miscellaneous Manufacturing (NAICS code 339999)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: NC-10

Industry PPP Comparison Statistics

Nationwide, 8,697 businesses in the "All Other Miscellaneous Manufacturing" industry received a total of $1,285,606,911.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 12 employees, 96% lower than Buckeye Fire Equipment Company's reported 329 employees, and received an average PPP loan of $147,822, 96% lower than this company's loan of $3.53M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/buckeye-fire-equipment-company-kings-mountain-nc