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PPP Loan Data — Southern Missouri Container In,
Springfield, MO
Southern Missouri Container In
Entity: Corporation
Industry: Paper Bag and Coated and Treated Paper Manufacturing
Location: Springfield, MO
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Southern Missouri Container In is a corporation located at 4500 E Progress Place in Springfield, Missouri that received a Coronavirus-related PPP loan from the SBA of $4,937,500.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 478 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
478Loan Approved:
2020-04-27Lender:
COMMERCE BANKSouthern Missouri Container In in Springfield, MO received a Paycheck Protection Loan of $4.94M through COMMERCE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Southern Missouri Container In's total 2019 payroll expenses were approximately $23.7M in order to qualify for the PPP loan amount received.
Based on their reported 478 jobs retained, this equals an estimated average yearly compensation of $49,582 per employee1.
Business Information - Southern Missouri Container In in Springfield, MO
4500 E Progress Place
Springfield, MO 65803
Business Industry
Paper Bag and Coated and Treated Paper Manufacturing (NAICS code 322220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: VETERAN
Congressional District: MO-07Industry PPP Comparison Statistics
Nationwide, 326 businesses in the "Paper Bag and Coated and Treated Paper Manufacturing" industry received a total of $157,262,979.00 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 38 employees, 92% lower than Southern Missouri Container In's reported 478 employees, and received an average PPP loan of $482,402, 90% lower than this company's loan of $4.94M.
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, and is published unmodified, as provided by the SBA.
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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