PPP Loan Data — Southland Transportation Company, Boonville, NC
Southland Transportation Company
Location: Boonville, NCTweet This • Search All PPP Data
Southland Transportation Company is a corporation located at 112 River Rd in Boonville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,425,980.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST HORIZON BANK
Southland Transportation Company received a Paycheck Protection Loan of $2.43M through FIRST HORIZON BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Southland Transportation Company's total 2019 payroll expenses were approximately $11.64M in order to qualify for the PPP loan amount received.
Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $52,930 per employee1.
Business Information - Southland Transportation Company in Boonville, NC
112 River Rd
Boonville, NC 27011
General Freight Trucking, Long-Distance, Truckload (NAICS code 484121)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-05
Industry PPP Comparison Statistics
Nationwide, 30,410 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $2,441,673,488.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 97% lower than Southland Transportation Company's reported 220 employees, and received an average PPP loan of $80,292, 97% lower than this company's loan of $2.43M.
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