PPP Loan Data — Heritage Encon Group Incorporated, Charlotte, NC
Heritage Encon Group Incorporated
Entity: Employee Stock Ownership Plan (esop)
Location: Charlotte, NCTweet This • Search All PPP Data
Heritage Encon Group Incorporated is an employee stock ownership plan (esop) located at 8230 Wilkinson Blvd in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,518,200.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 336 people during the applicable loan loan period.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Heritage Encon Group Incorporated in Charlotte, NC received a Paycheck Protection Loan of $2.52M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Heritage Encon Group Incorporated's total 2019 payroll expenses were approximately $12.09M in order to qualify for the PPP loan amount received.
Based on their reported 336 jobs retained, this equals an estimated average yearly compensation of $35,974 per employee1.
Business Information - Heritage Encon Group Incorporated in Charlotte, NC
8230 Wilkinson Blvd
Charlotte, NC 28214
Commercial and Institutional Building Construction (NAICS code 236220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: NC-12
Similar Companies near Charlotte
In the Charlotte area, 15 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 336) and received an average PPP loan of $241,217 (compared to this company's $2.52M).
Similar Nearby Businesses Who Received PPP Funding:
Protech Mechanical Inc
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Color My Walls, Painting & Wallcovering
Green Branch Construction Inc.
DH Holdings LLC
MO Flowe Construction Incorporated
Johnson 10 Enterprises
Industry PPP Comparison Statistics
Nationwide, 39,925 businesses in the "Commercial and Institutional Building Construction" industry received a total of $8,114,153,480.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 96% lower than Heritage Encon Group Incorporated's reported 336 employees, and received an average PPP loan of $203,235, 92% lower than this company's loan of $2.52M.
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