RALEIGH, NC (WNCN) – Pinehurst Resort and auto racing teams owned by Dale Earnhardt Jr. and Kyle Busch are among more than 16,000 North Carolina employers listed as receiving federal loans of at least 150,000 $.
But a spokesperson by another recognizable name who was on the federal government’s list of beneficiaries – Bojangles Inc. – said Monday evening that the Charlotte-based company had not received a loan under the protection program. paychecks.
The US government Monday published his report on the Paycheque Protection Program, which has provided loans of up to $ 10 million to help small businesses continue to pay their workers after widespread shutdowns caused by the coronavirus pandemic.
The federal database does not detail the specific amount of any of the loans, but rather groups the recipients into five classifications – the smallest ranging from $ 150,000 to $ 350,000 and the largest ranging from $ 5 million to $ 10 million.
The US Small Business Administration report showed that 121,917 North Carolina employers – mostly businesses and nonprofits – received a total of $ 12.4 billion in loans, of which 16,324 received loans. amounts greater than $ 150,000. Firms receiving this amount or more were listed by name in the database, while those receiving less than $ 150,000 were not.
The data also did not indicate which employers, if any, had already paid off their loans.
There were 1,603 employers in Raleigh listed in the federal database, as well as 325 in Cary, 603 in Durham, 293 in Fayetteville and 153 in Morrisville.
The top bracket involved loans of at least $ 5 million, with 100 employers in the state receiving these loans. Eight are located in Raleigh, six in Durham and four more in Fayetteville.
Seven of Raleigh’s eight employers have listed at least 130 retained jobs with two of them – DP Preiss Company Inc. and Spectraforce Technologies Inc. – representing 500 workers. LMR LLC, the parent company of Raleigh-based Carolina Ale House, has not listed any jobs retained.
In Durham, EmergeOrtho PA also retained 500 jobs, and none of the companies in that city in the highest loan bracket had fewer than 150 jobs retained. The four Fayetteville companies had at least 280 registered employees, led by The Logistics Company Inc. with 500 and Union Corrugating Company Holdings Inc. with 499.
The database showed 958 employers classified as nonprofits, with many of these churches or schools, and another 21 as nonprofit daycares.
Statewide, Charlotte-based Bojangles Inc. and Pinehurst LLC were among the companies in the first tranche of loans, each with a loan of at least $ 5 million. The two companies listed 500 retained jobs.
But Bojangles spokesperson Brian Little told CBS 17 News that although the company applied for a loan and was approved for a loan, “we ultimately decided not to proceed with the loan” and did not. have not received.
“I don’t know why we would have been included, since we never signed any loan documents or accepted funding,” Little said.
The hospitality industry was hit particularly hard during the pandemic, with restaurant dining rooms closed for about two months before reopening with limited capacity in May.
The database also showed Mooresville-based JR Motorsports, the NASCAR Hall of Famer Earnhardt-owned racing team with 88 employees, with a loan of between $ 1 million and $ 2 million. And Kyle Busch Motorsports Inc., which is also based in Mooresville and has kept 71 jobs, made a loan between $ 350,000 and $ 1 million. The virus forced the NASCAR Cup Series to suspend its season in mid-March, along with other sports across the country, with races resuming on May 17 without fans in the stands.