Replacements, LTD in Mcleansville, NC - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Replacements, LTD, Mcleansville, NC

Replacements, LTD

Entity: Subchapter S Corporation

Industry: Electronic Shopping and Mail-Order Houses

Location: Mcleansville, NC

Replacements, LTD is a subchapter s corporation located at 1089 Knox Rd in Mcleansville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $4,259,667.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.26M

Jobs Retained:

384

Loan Approved:

2020-04-12

Lender:

SELF-HELP FCU

Replacements, LTD in Mcleansville, NC received a Paycheck Protection Loan of $4.26M through SELF-HELP FCU, which was approved in April, 2020.

Based on standard PPP eligibility rules, Replacements, LTD's total 2019 payroll expenses were approximately $20.45M in order to qualify for the PPP loan amount received.

Based on their reported 384 jobs retained, this equals an estimated average yearly compensation of $53,246 per employee¹.

Because the loan received by Replacements, LTD 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 - Replacements, LTD in Mcleansville, NC

Replacements, LTD
1089 Knox Rd
Mcleansville, NC 27301

Business Industry

Electronic Shopping and Mail-Order Houses (NAICS code 454110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NC-06

Industry PPP Comparison Statistics

Nationwide, 7,082 businesses in the "Electronic Shopping and Mail-Order Houses" industry received a total of $544,486,530.00 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 7 employees, 98% lower than Replacements, LTD's reported 384 employees, and received an average PPP loan of $76,883, 98% lower than this company's loan of $4.26M.

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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