PPP Loan Data — Bios Corporation, Sapulpa, OK
Entity: Subchapter S Corporation
Location: Sapulpa, OKTweet This • Search All PPP Data
Bios Corporation is a subchapter s corporation located at 309 E Dewey Ave in Sapulpa, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $3,665,400.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Bios Corporation in Sapulpa, OK received a Paycheck Protection Loan of $3.67M through ARVEST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Bios Corporation's total 2019 payroll expenses were approximately $17.59M 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 $35,188 per employee1.
Business Information - Bios Corporation in Sapulpa, OK
309 E Dewey Ave
Sapulpa, OK 74066
Services for the Elderly and Persons with Disabilities (NAICS code 624120)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: OK-03
Similar Companies near Sapulpa
In the Sapulpa area, 7 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a PPP loan. These local businesses reported an average of 115 employees (compared to this company's 500) and received an average PPP loan of $795,052 (compared to this company's $3.67M).
Similar Nearby Businesses Who Received PPP Funding:
Bios Management Company LLC
Bios Home Health Care LLC
Bios Of Tennessee, LLC
Star Care Corporation
Oasis Adult Day Services
Industry PPP Comparison Statistics
Nationwide, 7,046 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a total of $1,535,554,395.00 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 32 employees, 94% lower than Bios Corporation's reported 500 employees, and received an average PPP loan of $217,933, 94% lower than this company's loan of $3.67M.
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, 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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