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PPP Loan Data — Mickey Truck Bodies Inc And Subsidiaries, High Point, NC

SBA PPP loan data, payroll data, and salaries for Mickey Truck Bodies Inc And Subsidiaries
NC

Mickey Truck Bodies Inc And Subsidiaries

Entity: Corporation

Industry: Truck Trailer Manufacturing

Location: High Point, NC

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Mickey Truck Bodies Inc And Subsidiaries is a corporation located at 1305 Trinity Ave in High Point, North Carolina that received a Coronavirus-related PPP loan from the SBA of $5,857,670.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.86M

Jobs Retained:

474

Loan Approved:

2020-04-16

Lender:

TRUIST BANK D/B/A BRANCH BANKING & TRUST CO

Mickey Truck Bodies Inc And Subsidiaries in High Point, NC received a Paycheck Protection Loan of $5.86M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mickey Truck Bodies Inc And Subsidiaries' total 2019 payroll expenses were approximately $28.12M in order to qualify for the PPP loan amount received.

Based on their reported 474 jobs retained, this equals an estimated average yearly compensation of $59,318 per employee1.

Because the loan received by Mickey Truck Bodies Inc And Subsidiaries 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 - Mickey Truck Bodies Inc And Subsidiaries in High Point, NC

Mickey Truck Bodies Inc And Subsidiaries
1305 Trinity Ave
High Point, NC 27260

Business Industry

Truck Trailer Manufacturing (NAICS code 336212)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NC-13

Industry PPP Comparison Statistics

Nationwide, 652 businesses in the "Truck Trailer Manufacturing" industry received a total of $211,699,391.00 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 27 employees, 94% lower than Mickey Truck Bodies Inc And Subsidiaries' reported 474 employees, and received an average PPP loan of $324,692, 94% lower than this company's loan of $5.86M.

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.

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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/mickey-truck-bodies-inc-and-subsidiaries-high-point-nc