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PPP Loan Data — Carolina Carports Inc, Dobson, NC

SBA PPP loan data, payroll data, and salaries for Carolina Carports Inc
NC

Carolina Carports Inc

Entity: Corporation

Industry: Prefabricated Metal Building and Component Manufacturing

Location: Dobson, NC

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Carolina Carports Inc is a corporation located at 187 Cardinal Ridge Ln in Dobson, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,574,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.57M

Jobs Retained:

250

Loan Approved:

2020-04-03

Lender:

SURREY BANK & TRUST

Carolina Carports Inc received a Paycheck Protection Loan of $2.57M through SURREY BANK & TRUST, which was approved in April, 2020.

Based on standard PPP eligibility rules, Carolina Carports Inc's total 2019 payroll expenses were approximately $12.36M in order to qualify for the PPP loan amount received.

Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $49,421 per employee1.

Because the loan received by Carolina Carports Inc 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 - Carolina Carports Inc in Dobson, NC

Carolina Carports Inc
187 Cardinal Ridge Ln
Dobson, NC 27017

Business Industry

Prefabricated Metal Building and Component Manufacturing (NAICS code 332311)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NC-05

Industry PPP Comparison Statistics

Nationwide, 810 businesses in the "Prefabricated Metal Building and Component Manufacturing" industry received a total of $225,265,616.00 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 22 employees, 91% lower than Carolina Carports Inc's reported 250 employees, and received an average PPP loan of $278,106, 89% lower than this company's loan of $2.57M.

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/carolina-carports-inc-dobson-nc