PPP Loan Data — Chandler Concrete Co Inc, Burlington, NC
Chandler Concrete Co Inc is a corporation located at 1006 S Church St in Burlington, North Carolina that received a Coronavirus-related PPP loan from the SBA of $5,738,500.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Chandler Concrete Co Inc in Burlington, NC received a Paycheck Protection Loan of $5.74M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Chandler Concrete Co Inc's total 2019 payroll expenses were approximately $27.54M in order to qualify for the PPP loan amount received.
Based on their reported 413 jobs retained, this equals an estimated average yearly compensation of $66,694 per employee1.
Business Information - Chandler Concrete Co Inc in Burlington, NC
1006 S Church St
Burlington, NC 27215
Ready-Mix Concrete Manufacturing (NAICS code 327320)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-06
Industry PPP Comparison Statistics
Nationwide, 1,205 businesses in the "Ready-Mix Concrete Manufacturing" industry received a total of $443,693,471.00 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 26 employees, 94% lower than Chandler Concrete Co Inc's reported 413 employees, and received an average PPP loan of $368,210, 94% lower than this company's loan of $5.74M.
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Footnotes & Information
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