PPP Loan Data — Southern Mail Service Inc, Conroe, TX
Southern Mail Service Inc is a corporation located at 2505 North Frazier St in Conroe, Texas that received a Coronavirus-related PPP loan from the SBA of $8,766,155.00 in April, 2020.
$ PPP Loan Information
Lender:COMMUNITYBANK OF TEXAS, NATIONAL ASSOCIATION
Southern Mail Service Inc received a Paycheck Protection Loan of $8.77M through COMMUNITYBANK OF TEXAS, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Southern Mail Service Inc's total 2019 payroll expenses were approximately $42.08M 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 $84,155 per employee1.
Business Information - Southern Mail Service Inc in Conroe, TX
2505 North Frazier St
Conroe, TX 77303
Postal Service (NAICS code 491110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-08
Industry PPP Comparison Statistics
Nationwide, 500 businesses in the "Postal Service" industry received a total of $36,183,470.00 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 8 employees, 98% lower than Southern Mail Service Inc's reported 500 employees, and received an average PPP loan of $72,367, 99% lower than this company's loan of $8.77M.
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Footnotes & Information
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