PPP Loan Data — The Building Center Inc, Pineville, NC
The Building Center Inc
Location: Pineville, NCTweet This • Search All PPP Data
The Building Center Inc is a corporation located at 10201 Industrial Drive in Pineville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $3,736,600.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
The Building Center Inc in Pineville, NC received a Paycheck Protection Loan of $3.74M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Building Center Inc's total 2019 payroll expenses were approximately $17.94M in order to qualify for the PPP loan amount received.
Based on their reported 370 jobs retained, this equals an estimated average yearly compensation of $48,475 per employee1.
Business Information - The Building Center Inc in Pineville, NC
10201 Industrial Drive
Pineville, NC 28134
Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers (NAICS code 423310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-12
Similar Companies near Pineville
In the Pineville area, 2 businesses in the "Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 209 employees (compared to this company's 370) and received an average PPP loan of $2,231,300 (compared to this company's $3.74M).
Similar Nearby Businesses Who Received PPP Funding:
Maxson & Associates, Inc.
Industry PPP Comparison Statistics
Nationwide, 4,016 businesses in the "Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers" industry received a total of $905,412,517.00 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 17 employees, 95% lower than The Building Center Inc's reported 370 employees, and received an average PPP loan of $225,451, 94% lower than this company's loan of $3.74M.
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Footnotes & Information
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