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PPP Loan Data — Southfield Corporation, Palos Hills, IL

SBA PPP loan data, payroll data, and salaries for Southfield Corporation

Southfield Corporation

Entity: Subchapter S Corporation

Industry: Brick, Stone, and Related Construction Material Merchant Wholesalers

Location: Palos Hills, IL

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Southfield Corporation is a subchapter s corporation located at 8995 W 95th St in Palos Hills, Illinois that received a Coronavirus-related PPP loan from the SBA of $5,010,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Southfield Corporation in Palos Hills, IL received a Paycheck Protection Loan of $5.01M through CIBC BANK USA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Southfield Corporation's total 2019 payroll expenses were approximately $24.05M in order to qualify for the PPP loan amount received.

Based on their reported 338 jobs retained, this equals an estimated average yearly compensation of $71,154 per employee1.

Because the loan received by Southfield Corporation is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Southfield Corporation in Palos Hills, IL

Southfield Corporation
8995 W 95th St
Palos Hills, IL 60465

Business Industry

Brick, Stone, and Related Construction Material Merchant Wholesalers (NAICS code 423320)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: NON-VETERAN

Congressional District: IL-03

Industry PPP Comparison Statistics

Nationwide, 2,253 businesses in the "Brick, Stone, and Related Construction Material Merchant Wholesalers" industry received a total of $372,043,686.00 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 13 employees, 96% lower than Southfield Corporation's reported 338 employees, and received an average PPP loan of $165,133, 97% lower than this company's loan of $5.01M.

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.

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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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** This Document Provided By - The Civil Employee's Resource **