PPP Loan Data — Buckeye Fire Equipment Company, Kings Mountain, NC
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
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.
Business Information - Buckeye Fire Equipment Company in Kings Mountain, NC
110 Kings Road
Kings Mountain, NC 28086
All Other Miscellaneous Manufacturing (NAICS code 339999)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional 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.
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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