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PPP Loan Data — Control Southern Inc., Suwanee, GA

SBA PPP loan data, payroll data, and salaries for Control Southern Inc.
GA

Control Southern Inc.

Entity: Corporation

Industry: Industrial Machinery and Equipment Merchant Wholesalers

Location: Suwanee, GA

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Control Southern Inc. is a corporation located at 3850 Lakefield Dr in Suwanee, Georgia that received a Coronavirus-related PPP loan from the SBA of $3,713,600.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 202 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.71M

Jobs Retained:

202

Loan Approved:

2020-04-07

Lender:

VININGS BANK

Control Southern Inc. received a Paycheck Protection Loan of $3.71M through VININGS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Control Southern Inc.'s total 2019 payroll expenses were approximately $17.83M in order to qualify for the PPP loan amount received.

Based on their reported 202 jobs retained, this equals an estimated average yearly compensation of $88,244 per employee1.

Because the loan received by Control Southern Inc. 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 - Control Southern Inc. in Suwanee, GA

Control Southern Inc.
3850 Lakefield Dr
Suwanee, GA 30024

Business Industry

Industrial Machinery and Equipment Merchant Wholesalers (NAICS code 423830)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: GA-07

Similar Companies near Suwanee

In the Suwanee area, 9 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 202) and received an average PPP loan of $459,200 (compared to this company's $3.71M).

Industry PPP Comparison Statistics

Nationwide, 7,320 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a total of $1,713,685,837.00 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 15 employees, 93% lower than Control Southern Inc.'s reported 202 employees, and received an average PPP loan of $234,110, 94% lower than this company's loan of $3.71M.

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.

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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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/control-southern-inc-suwanee-ga