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

PPP Loan Data — Triangle Brick Company, Durham, NC

SBA PPP loan data, payroll data, and salaries for Triangle Brick Company
NC

Triangle Brick Company

Entity: Corporation

Industry: Brick, Stone, and Related Construction Material Merchant Wholesalers

Location: Durham, NC

Search All PPP Data

Triangle Brick Company is a corporation located at 6523 Nc Hwy 55 in Durham, North Carolina that received a Coronavirus-related PPP loan from the SBA of $3,404,000.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 266 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.4M

Jobs Retained:

266

Loan Approved:

2020-04-15

Lender:

FIRST-CITIZENS BANK & TRUST COMPANY

Triangle Brick Company in Durham, NC received a Paycheck Protection Loan of $3.4M through FIRST-CITIZENS BANK & TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Triangle Brick Company's total 2019 payroll expenses were approximately $16.34M in order to qualify for the PPP loan amount received.

Based on their reported 266 jobs retained, this equals an estimated average yearly compensation of $61,426 per employee1.

Because the loan received by Triangle Brick Company 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 - Triangle Brick Company in Durham, NC

Triangle Brick Company
6523 Nc Hwy 55
Durham, NC 27713

Business Industry

Brick, Stone, and Related Construction Material Merchant Wholesalers (NAICS code 423320)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: NC-04

Industry PPP Comparison Statistics

Nationwide, 2,253 businesses in the "Brick, Stone, and Related Construction Material Merchant Wholesalers" industry received a total of $372,043,686.00 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 13 employees, 95% lower than Triangle Brick Company's reported 266 employees, and received an average PPP loan of $165,133, 95% lower than this company's loan of $3.4M.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/triangle-brick-company-durham-nc