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

PPP Loan Data — White Herring Tractor & Truck LLC, Wilson, NC

ALERT: There are 2 PPP loans for a total of $4.13M in our database for businesses with the name "White Herring Tractor & Truck LLC" in Wilson, NC. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for White Herring Tractor & Truck LLC

FRANCHISE

NC

White Herring Tractor & Truck LLC

Entity: Limited Liability Company (LLC)

Industry: Automobile and Other Motor Vehicle Merchant Wholesalers

Franchise: Navistar - International Dealer Agreement

Location: Wilson, NC

Search All PPP Data

White Herring Tractor & Truck LLC is a limited liability company (LLC) located at 1700 Us Highway 301 S 1700 Us Hwy 301 S in Wilson, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021. This business is a Navistar - International Dealer Agreement franchise.

$ PPP Loan Information
Loan #1747148708

Loan Size:

$2M

Jobs Retained:

210

Loan Approved:

2021-03-27

Loan Status:

Ongoing Loan

Lender:

PNC Bank, National Association

White Herring Tractor & Truck LLC in Wilson, NC received a Paycheck Protection Loan of $2M through PNC Bank, National Association, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, White Herring Tractor & Truck LLC's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 210 jobs retained, this equals an estimated average yearly compensation of $45,714 per employee1

Reported PPP Proceed Usage:

On the PPP application, White Herring Tractor & Truck LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,000,000
Because the loan received by White Herring Tractor & Truck LLC 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 - White Herring Tractor & Truck LLC in Wilson, NC

White Herring Tractor & Truck LLC
1700 Us Highway 301 S 1700 Us Hwy 301 S
Wilson, NC 27893

Business Industry:
Automobile and Other Motor Vehicle Merchant Wholesalers
NAICS code 423110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Rural

Wilson County, NC — SBA Office 0460 — Congressional District: NC-01

Similar Companies near Wilson

In the Wilson area, 3 businesses in the "Automobile and Other Motor Vehicle Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 123 employees (compared to this company's 210) and received an average PPP loan of $1,308,633 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 10,057 businesses in the "Automobile and Other Motor Vehicle Merchant Wholesalers" industry received a total of $989.93M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 9 employees, 96% lower than White Herring Tractor & Truck LLC's reported 210 employees, and received an average PPP loan of $98,432, 95% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for White Herring Tractor & Truck LLC
NC

White Herring Tractor & Truck LLC

Entity: Limited Liability Company (LLC)

Industry: Other Automotive Mechanical and Electrical Repair and Maintenance

Location: Wilson, NC

Search All PPP Data

White Herring Tractor & Truck LLC is a limited liability company (LLC) located at Po Box 3817 in Wilson, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,130,200.00 in April, 2020.

$ PPP Loan Information
Loan #5650337102

Loan Size:

$2.13M

Jobs Retained:

208

Loan Approved:

2020-04-13

Loan Status:

Ongoing Loan

Lender:

PNC Bank, National Association

White Herring Tractor & Truck LLC in Wilson, NC received a Paycheck Protection Loan of $2.13M through PNC Bank, National Association, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, White Herring Tractor & Truck LLC's 2019 payroll expenses are estimated to be at least $10.22M.

Based on their reported 208 jobs retained, this equals an estimated average yearly compensation of $49,158 per employee1

Reported PPP Proceed Usage:

On the PPP application, White Herring Tractor & Truck LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,130,200
Because the loan received by White Herring Tractor & Truck LLC 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 - White Herring Tractor & Truck LLC in Wilson, NC

White Herring Tractor & Truck LLC
Po Box 3817
Wilson, NC 27895

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Rural

Wilson County, NC — SBA Office 0460 — Congressional District: NC-01

Similar Companies near Wilson

In the Wilson area, 2 businesses in the "Other Automotive Mechanical and Electrical Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 107 employees (compared to this company's 208) and received an average PPP loan of $1,080,850 (compared to this company's $2.13M).

Similar Nearby Businesses Who Received PPP Funding:

Aycock Transmission & Auto Service
Wilson, NC

$31,500 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 22,608 businesses in the "Other Automotive Mechanical and Electrical Repair and Maintenance" industry received a total of $645.02M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 3 employees, 99% lower than White Herring Tractor & Truck LLC's reported 208 employees, and received an average PPP loan of $28,531, 99% lower than this company's loan of $2.13M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/white-herring-tractor-truck-llc-wilson-nc