PPP Loan Data — Pedulla Trucking, Excavating & Paving, Inc, Mooresville, NC
Pedulla Trucking, Excavating & Paving, Inc is a corporation located at 1275 Shinn Farm Rd in Mooresville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $1,552,780.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 134 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First National Bank of Pennsylvania
Pedulla Trucking, Excavating & Paving, Inc in Mooresville, NC received a Paycheck Protection Loan of $1.55M through First National Bank of Pennsylvania, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in January, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Pedulla Trucking, Excavating & Paving, Inc's 2019 payroll expenses are estimated to be at least $7.45M.
Based on their reported 134 jobs retained, this equals an estimated average yearly compensation of $55,622 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pedulla Trucking, Excavating & Paving, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,552,780
Business Information - Pedulla Trucking, Excavating & Paving, Inc in Mooresville, NC
1275 Shinn Farm Rd
Mooresville, NC 28115
Site Preparation Contractors
NAICS code 238910
Business Owner Demographics
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Mooresville
In the Mooresville area, 6 businesses in the "Site Preparation Contractors" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 134) and received an average PPP loan of $283,009 (compared to this company's $1.55M).
Similar Nearby Businesses Who Received PPP Funding:
F J Ervin Construction And Supply LLC
C Wayne Orbison And Sons Inc
Mcconnell Grading In
Industrial Coatings & Services
Industry PPP Comparison Statistics
Nationwide, 30,927 businesses in the "Site Preparation Contractors" industry received a total of $4.31B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 12 employees, 91% lower than Pedulla Trucking, Excavating & Paving, Inc's reported 134 employees, and received an average PPP loan of $139,293, 91% lower than this company's loan of $1.55M.
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Footnotes & Information
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