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PPP Loan Data — Southland Container Corporation,
Spartanburg, SC
Southland Container Corporation
Entity: Subchapter S Corporation
Industry: Corrugated and Solid Fiber Box Manufacturing
Location: Spartanburg, SC
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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
Loan Size:
Jobs Retained:
285Loan Approved:
2020-04-29Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONSouthland 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
Business Industry
Corrugated and Solid Fiber Box Manufacturing (NAICS code 322211)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: SC-04Similar 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
Spartanburg, SC
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.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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