FederalPay.org
PPP Loan Data — Triangle Brick Company,
Durham, NC
Triangle Brick Company
Entity: Corporation
Industry: Brick, Stone, and Related Construction Material Merchant Wholesalers
Location: Durham, NC
Tweet This
•
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:
Jobs Retained:
266Loan Approved:
2020-04-15Lender:
FIRST-CITIZENS BANK & TRUST COMPANYTriangle 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.
Business Information - Triangle Brick Company in Durham, NC
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-04Industry 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.
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!