PPP Loan Data — James M Pleasants Company Incorporated, Greensboro, NC
James M Pleasants Company Incorporated
Entity: Subchapter S Corporation
Location: Greensboro, NCTweet This • Search All PPP Data
James M Pleasants Company Incorporated is a subchapter s corporation located at 603 Diamond Hill Ct in Greensboro, North Carolina that received a Coronavirus-related PPP loan from the SBA of $3,003,881.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
James M Pleasants Company Incorporated received a Paycheck Protection Loan of $3M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, James M Pleasants Company Incorporated's total 2019 payroll expenses were approximately $14.42M in order to qualify for the PPP loan amount received.
Based on their reported 187 jobs retained, this equals an estimated average yearly compensation of $77,105 per employee1.
Business Information - James M Pleasants Company Incorporated in Greensboro, NC
603 Diamond Hill Ct
Greensboro, NC 27406
Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers (NAICS code 423720)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-13
Similar Companies near Greensboro
In the Greensboro area, 4 businesses in the "Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 57 employees (compared to this company's 187) and received an average PPP loan of $897,678 (compared to this company's $3M).
Similar Nearby Businesses Who Received PPP Funding:
Matt Marshall & Co
ETK Services, Inc.
ETK Enterprises, Inc.
Industry PPP Comparison Statistics
Nationwide, 2,431 businesses in the "Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers" industry received a total of $601,862,879.00 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 16 employees, 91% lower than James M Pleasants Company Incorporated's reported 187 employees, and received an average PPP loan of $247,578, 92% lower than this company's loan of $3M.
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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