PPP Loan Data — Southern Pipeline Construction Company, Inc., Searcy, AR
Southern Pipeline Construction Company, Inc.
Entity: Subchapter S Corporation
Location: Searcy, ARTweet This • Search All PPP Data
Southern Pipeline Construction Company, Inc. is a subchapter s corporation located at 2600 Eastline Road in Searcy, Arkansas that received a Coronavirus-related PPP loan from the SBA of $5,356,615.00 in April, 2020.
$ PPP Loan Information
Southern Pipeline Construction Company, Inc. received a Paycheck Protection Loan of $5.36M through CENTENNIAL BANK, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 223 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 257.
Based on standard PPP eligibility rules, Southern Pipeline Construction Company, Inc.'s total 2019 payroll expenses were approximately $25.71M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 223 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Southern Pipeline Construction Company, Inc. in Searcy, AR
2600 Eastline Road
Searcy, AR 72143
Oil and Gas Pipeline and Related Structures Construction (NAICS code 237120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AR-02
Similar Companies near Searcy
In the Searcy area, 2 businesses in the "Oil and Gas Pipeline and Related Structures Construction" industry received a PPP loan. These local businesses reported an average of 142 employees (compared to this company's 223) and received an average PPP loan of $4,174,108 (compared to this company's $5.36M).
Similar Nearby Businesses Who Received PPP Funding:
B & G Pipeline Company
Industry PPP Comparison Statistics
Nationwide, 1,513 businesses in the "Oil and Gas Pipeline and Related Structures Construction" industry received a total of $689,155,003.00 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 26 employees, 88% lower than Southern Pipeline Construction Company, Inc.'s reported 223 employees, and received an average PPP loan of $455,489, 91% lower than this company's loan of $5.36M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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