PPP Loan Data — Southern Pump And Tank Company, LLC, Charlotte, NC
Southern Pump And Tank Company, LLC
Entity: Limited Liability Company (LLC)
Location: Charlotte, NCTweet This • Search All PPP Data
Southern Pump And Tank Company, LLC is a limited liability company (LLC) located at 8303 University Executive Park Drive in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $5,100,000.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least 250 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE BANCORP BANK
Southern Pump And Tank Company, LLC in Charlotte, NC received a Paycheck Protection Loan of $5.1M through THE BANCORP BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Southern Pump And Tank Company, LLC's total 2019 payroll expenses were approximately $24.48M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $97,920 per employee1.
Business Information - Southern Pump And Tank Company, LLC in Charlotte, NC
8303 University Executive Park Drive
Charlotte, NC 28262
Industrial Machinery and Equipment Merchant Wholesalers (NAICS code 423830)
Business Owner Demographics
Race / Ethnicity: WHITE
Veteran Status: NON-VETERANCongressional District: NC-12
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, 94% lower than Southern Pump And Tank Company, LLC's reported 250 employees, and received an average PPP loan of $234,110, 95% lower than this company's loan of $5.1M.
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Footnotes & Information
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