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PPP Loan Data — Huskey Truss & Building Supply, Inc., Franklin, TN

SBA PPP loan data, payroll data, and salaries for Huskey Truss & Building Supply, Inc.
TN

Huskey Truss & Building Supply, Inc.

Entity: Corporation

Industry: New Single-Family Housing Construction (except For-Sale Builders)

Location: Franklin, TN

Search All PPP Data

Huskey Truss & Building Supply, Inc. is a corporation located at 424 Lewisburg Ave in Franklin, Tennessee that received a Coronavirus-related PPP loan from the SBA of $3,071,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.07M

Jobs Retained:

277

Loan Approved:

2020-04-13

Lender:

PINNACLE BANK

Huskey Truss & Building Supply, Inc. in Franklin, TN received a Paycheck Protection Loan of $3.07M through PINNACLE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Huskey Truss & Building Supply, Inc.'s total 2019 payroll expenses were approximately $14.74M in order to qualify for the PPP loan amount received.

Based on their reported 277 jobs retained, this equals an estimated average yearly compensation of $53,223 per employee1.

Because the loan received by Huskey Truss & Building Supply, 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 - Huskey Truss & Building Supply, Inc. in Franklin, TN

Huskey Truss & Building Supply, Inc.
424 Lewisburg Ave
Franklin, TN 37064

Business Industry

New Single-Family Housing Construction (except For-Sale Builders) (NAICS code 236115)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TN-07

Similar Companies near Franklin

In the Franklin area, 25 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 277) and received an average PPP loan of $177,667 (compared to this company's $3.07M).

Industry PPP Comparison Statistics

Nationwide, 64,726 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $3,790,773,096.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 98% lower than Huskey Truss & Building Supply, Inc.'s reported 277 employees, and received an average PPP loan of $58,566, 98% lower than this company's loan of $3.07M.

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.

Search FederalPay's Full PPP Loan Database

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/huskey-truss-and-building-supply-inc-franklin-tn