PPP Loan Data — Southland Steel Fabricators Inc, Greensburg, LA
Southland Steel Fabricators Inc is a corporation located at 251 Greensburg St in Greensburg, Louisiana that received a Coronavirus-related PPP loan from the SBA of $2,515,286.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST GUARANTY BANK
Southland Steel Fabricators Inc received a Paycheck Protection Loan of $2.52M through FIRST GUARANTY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Southland Steel Fabricators Inc's total 2019 payroll expenses were approximately $12.07M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $48,293 per employee1.
Business Information - Southland Steel Fabricators Inc in Greensburg, LA
251 Greensburg St
Greensburg, LA 70441
Paint and Coating Manufacturing (NAICS code 325510)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: LA-06
Industry PPP Comparison Statistics
Nationwide, 1,048 businesses in the "Paint and Coating Manufacturing" industry received a total of $271,012,887.00 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 18 employees, 93% lower than Southland Steel Fabricators Inc's reported 250 employees, and received an average PPP loan of $258,600, 90% lower than this company's loan of $2.52M.
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Footnotes & Information
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