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PPP Loan Data — Standridge Color Corporation,
Social Circle, GA
Standridge Color Corporation
Entity: Corporation
Industry: All Other Plastics Product Manufacturing
Location: Social Circle, GA
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Standridge Color Corporation is a corporation located at 1196 East Hightower Trail, in Social Circle, Georgia that received a Coronavirus-related PPP loan from the SBA of $7,728,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
388Loan Approved:
2020-04-14Lender:
REGIONS BANKStandridge Color Corporation received a Paycheck Protection Loan of $7.73M through REGIONS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Standridge Color Corporation's total 2019 payroll expenses were approximately $37.09M in order to qualify for the PPP loan amount received.
Based on their reported 388 jobs retained, this equals an estimated average yearly compensation of $95,604 per employee1.
Business Information - Standridge Color Corporation in Social Circle, GA
1196 East Hightower Trail,
Social Circle, GA 30025
Business Industry
All Other Plastics Product Manufacturing (NAICS code 326199)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: GA-10Similar Companies near Social Circle
In the Social Circle area, 2 businesses in the "All Other Plastics Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 195 employees (compared to this company's 388) and received an average PPP loan of $3,874,475 (compared to this company's $7.73M).
Similar Nearby Businesses Who Received PPP Funding:
Global Grm, LLC
Suwanee, GA
Industry PPP Comparison Statistics
Nationwide, 3,247 businesses in the "All Other Plastics Product Manufacturing" industry received a total of $1,252,980,223.00 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 33 employees, 91% lower than Standridge Color Corporation's reported 388 employees, and received an average PPP loan of $385,889, 95% lower than this company's loan of $7.73M.
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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