PPP Loan Data — Southfield Corporation, Palos Hills, IL
Entity: Subchapter S Corporation
Location: Palos Hills, ILTweet This • Search All PPP Data
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
Lender:CIBC BANK USA
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.
Business Information - Southfield Corporation in Palos Hills, IL
8995 W 95th St
Palos Hills, IL 60465
Brick, Stone, and Related Construction Material Merchant Wholesalers (NAICS code 423320)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: NON-VETERANCongressional 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.
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Footnotes & Information
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