PPP Loan Data — Suminoe Textiles Of America Corporation, Gaffney, SC
Suminoe Textiles Of America Corporation is a corporation located at 10 Commerce Dr in Gaffney, South Carolina that received a Coronavirus-related PPP loan from the SBA of $3,713,223.00 in April, 2020.
$ PPP Loan Information
Lender:ARTHUR STATE BANK
Suminoe Textiles Of America Corporation in Gaffney, SC received a Paycheck Protection Loan of $3.71M through ARTHUR STATE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Suminoe Textiles Of America Corporation's total 2019 payroll expenses were approximately $17.82M in order to qualify for the PPP loan amount received.
Based on their reported 309 jobs retained, this equals an estimated average yearly compensation of $57,681 per employee1.
Business Information - Suminoe Textiles Of America Corporation in Gaffney, SC
10 Commerce Dr
Gaffney, SC 29340
All Other Miscellaneous Textile Product Mills (NAICS code 314999)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: SC-05
Similar Companies near Gaffney
In the Gaffney area, 4 businesses in the "All Other Miscellaneous Textile Product Mills" industry received a PPP loan. These local businesses reported an average of 181 employees (compared to this company's 309) and received an average PPP loan of $1,792,908 (compared to this company's $3.71M).
Similar Nearby Businesses Who Received PPP Funding:
Hamrick Mills Inc
Palmetto Pedic, LLC
Industry PPP Comparison Statistics
Nationwide, 1,679 businesses in the "All Other Miscellaneous Textile Product Mills" industry received a total of $266,289,361.00 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 14 employees, 95% lower than Suminoe Textiles Of America Corporation's reported 309 employees, and received an average PPP loan of $158,600, 96% lower than this company's loan of $3.71M.
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Footnotes & Information
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