PPP Loan Data — The Southern Finishing Company, Inc., Stoneville, NC
The Southern Finishing Company, Inc. is a corporation located at Po Box 888 in Stoneville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $3,694,702.00 in April, 2020.
$ PPP Loan Information
The Southern Finishing Company, Inc. received a Paycheck Protection Loan of $3.69M through HOMETRUST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Southern Finishing Company, Inc.'s total 2019 payroll expenses were approximately $17.73M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $35,469 per employee1.
Business Information - The Southern Finishing Company, Inc. in Stoneville, NC
Po Box 888
Stoneville, NC 27048
Wood Kitchen Cabinet and Countertop Manufacturing (NAICS code 337110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: NON-VETERANCongressional District: NC-06
Similar Companies near Stoneville
In the Stoneville area, 2 businesses in the "Wood Kitchen Cabinet and Countertop Manufacturing" industry received a PPP loan. These local businesses reported an average of 253 employees (compared to this company's 500) and received an average PPP loan of $1,855,307 (compared to this company's $3.69M).
Similar Nearby Businesses Who Received PPP Funding:
Pilot Cabinet Works, Inc.
Industry PPP Comparison Statistics
Nationwide, 5,439 businesses in the "Wood Kitchen Cabinet and Countertop Manufacturing" industry received a total of $649,251,122.00 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 11 employees, 98% lower than The Southern Finishing Company, Inc.'s reported 500 employees, and received an average PPP loan of $119,370, 97% lower than this company's loan of $3.69M.
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Footnotes & Information
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