PPP Loan Data — D.R. Allen & Sons, Inc., Fayetteville, NC
D.R. Allen & Sons, Inc. is a corporation located at 130 Builders Blvd in Fayetteville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,778,400.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST-CITIZENS BANK & TRUST COMPANY
D.R. Allen & Sons, Inc. in Fayetteville, NC received a Paycheck Protection Loan of $2.78M through FIRST-CITIZENS BANK & TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, D.R. Allen & Sons, Inc.'s total 2019 payroll expenses were approximately $13.34M in order to qualify for the PPP loan amount received.
Based on their reported 243 jobs retained, this equals an estimated average yearly compensation of $54,882 per employee1.
Business Information - D.R. Allen & Sons, Inc. in Fayetteville, NC
130 Builders Blvd
Fayetteville, NC 28301
Construction Sand and Gravel Mining (NAICS code 212321)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-08
Similar Companies near Fayetteville
In the Fayetteville area, 2 businesses in the "Construction Sand and Gravel Mining" industry received a PPP loan. These local businesses reported an average of 122 employees (compared to this company's 243) and received an average PPP loan of $1,392,051 (compared to this company's $2.78M).
Similar Nearby Businesses Who Received PPP Funding:
Larry Hill DBA Executive Hauling
Industry PPP Comparison Statistics
Nationwide, 2,440 businesses in the "Construction Sand and Gravel Mining" industry received a total of $395,301,105.00 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, 95% lower than D.R. Allen & Sons, Inc.'s reported 243 employees, and received an average PPP loan of $162,009, 94% lower than this company's loan of $2.78M.
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, 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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