PPP Loan Data — Southland Container Corporation, Spartanburg, SC
Southland Container Corporation is a subchapter s corporation located at 60 Fairview Church Road in Spartanburg, South Carolina that received a Coronavirus-related PPP loan from the SBA of $2,458,087.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Southland Container Corporation received a Paycheck Protection Loan of $2.46M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Southland Container Corporation's total 2019 payroll expenses were approximately $11.8M in order to qualify for the PPP loan amount received.
Based on their reported 285 jobs retained, this equals an estimated average yearly compensation of $41,399 per employee1.
Business Information - Southland Container Corporation in Spartanburg, SC
60 Fairview Church Road
Spartanburg, SC 29303
Corrugated and Solid Fiber Box Manufacturing (NAICS code 322211)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: SC-04
Similar Companies near Spartanburg
In the Spartanburg area, 2 businesses in the "Corrugated and Solid Fiber Box Manufacturing" industry received a PPP loan. These local businesses reported an average of 193 employees (compared to this company's 285) and received an average PPP loan of $2,030,829 (compared to this company's $2.46M).
Similar Nearby Businesses Who Received PPP Funding:
Concept Management Corporation
Industry PPP Comparison Statistics
Nationwide, 520 businesses in the "Corrugated and Solid Fiber Box Manufacturing" industry received a total of $288,157,321.00 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 43 employees, 85% lower than Southland Container Corporation's reported 285 employees, and received an average PPP loan of $554,149, 77% lower than this company's loan of $2.46M.
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Footnotes & Information
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