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PPP Loan Data — Southern Star Inc,
Poteau, OK
Southern Star Inc
Entity: Corporation
Industry: All Other Specialty Trade Contractors
Location: Poteau, OK
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Southern Star Inc is a corporation located at 306 Kerr Ave in Poteau, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $3,459,850.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
441Loan Approved:
2020-04-15Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONSouthern Star Inc in Poteau, OK received a Paycheck Protection Loan of $3.46M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Southern Star Inc's total 2019 payroll expenses were approximately $16.61M in order to qualify for the PPP loan amount received.
Based on their reported 441 jobs retained, this equals an estimated average yearly compensation of $37,658 per employee1.
Business Information - Southern Star Inc in Poteau, OK
306 Kerr Ave
Poteau, OK 74953
Business Industry
All Other Specialty Trade Contractors (NAICS code 238990)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: OK-02Similar Companies near Poteau
In the Poteau area, 3 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 263 employees (compared to this company's 441) and received an average PPP loan of $1,858,576 (compared to this company's $3.46M).
Similar Nearby Businesses Who Received PPP Funding:
Southern Star Express LLC
Poteau, OK
Eric Ellis
Poteau, OK
Industry PPP Comparison Statistics
Nationwide, 44,474 businesses in the "All Other Specialty Trade Contractors" industry received a total of $5,068,221,395.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 9 employees, 98% lower than Southern Star Inc's reported 441 employees, and received an average PPP loan of $113,959, 97% lower than this company's loan of $3.46M.
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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