PPP Loan Data — Walker Automotive Supply Inc, Raleigh, NC
Walker Automotive Supply Inc is a corporation located at 705 E Six Forks Rd in Raleigh, North Carolina that received a Coronavirus-related PPP loan from the SBA of $4,250,100.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Walker Automotive Supply Inc in Raleigh, NC received a Paycheck Protection Loan of $4.25M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Walker Automotive Supply Inc's total 2019 payroll expenses were approximately $20.4M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $40,801 per employee1.
Business Information - Walker Automotive Supply Inc in Raleigh, NC
705 E Six Forks Rd
Raleigh, NC 27609
Automotive Parts and Accessories Stores (NAICS code 441310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-04
Similar Companies near Raleigh
In the Raleigh area, 2 businesses in the "Automotive Parts and Accessories Stores" industry received a PPP loan. These local businesses reported an average of 250 employees (compared to this company's 500) and received an average PPP loan of $2,171,550 (compared to this company's $4.25M).
Similar Nearby Businesses Who Received PPP Funding:
Good Ol' Boys Central
Industry PPP Comparison Statistics
Nationwide, 11,618 businesses in the "Automotive Parts and Accessories Stores" industry received a total of $952,726,641.00 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 9 employees, 98% lower than Walker Automotive Supply Inc's reported 500 employees, and received an average PPP loan of $82,004, 98% lower than this company's loan of $4.25M.
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Footnotes & Information
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