PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Pj's Truck Bodies & Equipment Company, Dunn, NC

ALERT: There are 2 PPP loans for a total of $1.62M in our database for businesses with the name "Pj's Truck Bodies & Equipment Company" in Dunn, NC. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Pj's Truck Bodies & Equipment Company
NC

Pj's Truck Bodies & Equipment Company

Entity: Cooperative

Industry: Motor Vehicle Body Manufacturing

Location: Dunn, NC

Search All PPP Data

Pj's Truck Bodies & Equipment Company is a cooperative located at 1560 George Perry Lee Rd in Dunn, North Carolina that received a Coronavirus-related PPP loan from the SBA of $808,707.00 in February, 2021.

$ PPP Loan Information
Loan #3342718507

Loan Size:

$808,707

Jobs Retained:

84

Loan Approved:

2021-02-23

Loan Status:

Ongoing Loan

Lender:

Truist Bank d/b/a Branch Banking & Trust Co

Pj's Truck Bodies & Equipment Company in Dunn, NC received a Paycheck Protection Loan of $808,707 through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Pj's Truck Bodies & Equipment Company's 2019 payroll expenses are estimated to be at least $3.88M.

Based on their reported 84 jobs retained, this equals an estimated average yearly compensation of $46,212 per employee1

Reported PPP Proceed Usage:

On the PPP application, Pj's Truck Bodies & Equipment Company reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $808,705
  • Utilities: $1

Business Information - Pj's Truck Bodies & Equipment Company in Dunn, NC

Pj's Truck Bodies & Equipment Company
1560 George Perry Lee Rd
Dunn, NC 28334

Business Industry:
Motor Vehicle Body Manufacturing
NAICS code 336211

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Rural

Harnett County, NC — SBA Office 0460 — Congressional District: NC-07

Similar Companies near Dunn

In the Dunn area, 3 businesses in the "Motor Vehicle Body Manufacturing" industry received a PPP loan. These local businesses reported an average of 205 employees (compared to this company's 84) and received an average PPP loan of $1,873,358 (compared to this company's $808,707).

Similar Nearby Businesses Who Received PPP Funding:

Godwin Manufacturing Co Inc
Dunn, NC

$4M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 812 businesses in the "Motor Vehicle Body Manufacturing" industry received a total of $247.64M 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 29 employees, 65% lower than Pj's Truck Bodies & Equipment Company's reported 84 employees, and received an average PPP loan of $304,971, 62% lower than this company's loan of $808,707.

SBA PPP loan data, payroll data, and salaries for PJS Truck Bodies & Equipment Company
NC

PJS Truck Bodies & Equipment Company

Entity: Cooperative

Industry: Motor Vehicle Body Manufacturing

Location: Dunn, NC

Search All PPP Data

PJS Truck Bodies & Equipment Company is a cooperative located at 1560 George Perry Lee Rd in Dunn, North Carolina that received a Coronavirus-related PPP loan from the SBA of $808,707.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 96 people during the applicable loan loan period.

$ PPP Loan Information
Loan #2029127107

Loan Size:

$808,707

Jobs Retained:

96

Loan Approved:

2020-04-10

Loan Status:

Paid in Full or Forgiven

Lender:

Truist Bank d/b/a Branch Banking & Trust Co

PJS Truck Bodies & Equipment Company in Dunn, NC received a Paycheck Protection Loan of $808,707 through Truist Bank d/b/a Branch Banking & Trust Co, 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 June, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, PJS Truck Bodies & Equipment Company's 2019 payroll expenses are estimated to be at least $3.88M.

Based on their reported 96 jobs retained, this equals an estimated average yearly compensation of $40,435 per employee1

Reported PPP Proceed Usage:

On the PPP application, PJS Truck Bodies & Equipment Company reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $808,707

Business Information - PJS Truck Bodies & Equipment Company in Dunn, NC

PJS Truck Bodies & Equipment Company
1560 George Perry Lee Rd
Dunn, NC 28334

Business Industry:
Motor Vehicle Body Manufacturing
NAICS code 336211

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Rural

Harnett County, NC — SBA Office 0460 — Congressional District: NC-07

Similar Companies near Dunn

In the Dunn area, 3 businesses in the "Motor Vehicle Body Manufacturing" industry received a PPP loan. These local businesses reported an average of 205 employees (compared to this company's 96) and received an average PPP loan of $1,873,358 (compared to this company's $808,707).

Similar Nearby Businesses Who Received PPP Funding:

Godwin Manufacturing Co Inc
Dunn, NC

$4M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 812 businesses in the "Motor Vehicle Body Manufacturing" industry received a total of $247.64M 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 29 employees, 70% lower than PJS Truck Bodies & Equipment Company's reported 96 employees, and received an average PPP loan of $304,971, 62% lower than this company's loan of $808,707.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/pjs-truck-bodies-equipment-company-dunn-nc