PPP Loan Data — Southern Star Inc, Poteau, OK
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
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Southern 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
All Other Specialty Trade Contractors (NAICS code 238990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OK-02
Similar 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
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.
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Footnotes & Information
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