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PPP Loan Data — Horne Brothers Construction Inc.,
Fayetteville, NC
Horne Brothers Construction Inc.
Entity: Corporation
Industry: Power and Communication Line and Related Structures Construction
Location: Fayetteville, NC
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Horne Brothers Construction Inc. is a corporation located at 1662 Middle River Loop in Fayetteville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $6,852,500.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
430Loan Approved:
2020-04-08Lender:
TRUIST BANK D/B/A BRANCH BANKING & TRUST COHorne Brothers Construction Inc. received a Paycheck Protection Loan of $6.85M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Horne Brothers Construction Inc.'s total 2019 payroll expenses were approximately $32.89M in order to qualify for the PPP loan amount received.
Based on their reported 430 jobs retained, this equals an estimated average yearly compensation of $76,493 per employee1.
Business Information - Horne Brothers Construction Inc. in Fayetteville, NC
1662 Middle River Loop
Fayetteville, NC 28312
Business Industry
Power and Communication Line and Related Structures Construction (NAICS code 237130)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NC-09Similar Companies near Fayetteville
In the Fayetteville area, 2 businesses in the "Power and Communication Line and Related Structures Construction" industry received a PPP loan. These local businesses reported an average of 219 employees (compared to this company's 430) and received an average PPP loan of $3,446,944 (compared to this company's $6.85M).
Similar Nearby Businesses Who Received PPP Funding:
All Starr Underground, LLC
Fayetteville, NC
Industry PPP Comparison Statistics
Nationwide, 2,531 businesses in the "Power and Communication Line and Related Structures Construction" industry received a total of $727,350,112.00 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 20 employees, 95% lower than Horne Brothers Construction Inc.'s reported 430 employees, and received an average PPP loan of $287,377, 96% lower than this company's loan of $6.85M.
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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