PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Blastrac Na Inc, Oklahoma City, OK

ALERT: There are 2 PPP loans for a total of $2.86M in our database for businesses with the name "Blastrac Na Inc" in Oklahoma City, OK. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Blastrac Na Inc
OK

Blastrac Na Inc

Entity: Corporation

Industry: Highway, Street, and Bridge Construction

Location: Oklahoma City, OK

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Blastrac Na Inc is a corporation located at 13201 N Santa Fe Ave in Oklahoma City, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $1,257,965.00 in February, 2021.

The company has reported itself as a male owned business, and employed at least 102 people during the applicable loan loan period.

$ PPP Loan Information
Loan #3611768510

Loan Size:

$1.26M

Jobs Retained:

102

Loan Approved:

2021-02-24

Loan Status:

Ongoing Loan

Lender:

Parkside Financial Bank & Trust

Blastrac Na Inc in Oklahoma City, OK received a Paycheck Protection Loan of $1.26M through Parkside Financial Bank & Trust, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Blastrac Na Inc's 2019 payroll expenses are estimated to be at least $6.04M.

Based on their reported 102 jobs retained, this equals an estimated average yearly compensation of $59,198 per employee1

Reported PPP Proceed Usage:

On the PPP application, Blastrac Na Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,257,959
  • Utilities: $1

Business Information - Blastrac Na Inc in Oklahoma City, OK

Blastrac Na Inc
13201 N Santa Fe Ave
Oklahoma City, OK 73114

Business Industry:
Highway, Street, and Bridge Construction
NAICS code 237310

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Oklahoma County, OK — SBA Office 0680 — Congressional District: OK-05

Similar Companies near Oklahoma City

In the Oklahoma City area, 5 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 59 employees (compared to this company's 102) and received an average PPP loan of $695,336 (compared to this company's $1.26M).

Industry PPP Comparison Statistics

Nationwide, 11,483 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $3.92B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 26 employees, 75% lower than Blastrac Na Inc's reported 102 employees, and received an average PPP loan of $341,702, 73% lower than this company's loan of $1.26M.

SBA PPP loan data, payroll data, and salaries for Blastrac N.a., Inc
OK

Blastrac N.a., Inc

Entity: Corporation

Industry: Other Commercial and Service Industry Machinery Manufacturing

Location: Oklahoma City, OK

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Blastrac N.a., Inc is a corporation located at 13201 N Santa Fe in Oklahoma City, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $1,598,255.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 95 people during the applicable loan loan period.

$ PPP Loan Information
Loan #2201627107

Loan Size:

$1.6M

Jobs Retained:

95

Loan Approved:

2020-04-10

Loan Status:

Paid in Full or Forgiven

Lender:

Parkside Financial Bank & Trust

Blastrac N.a., Inc in Oklahoma City, OK received a Paycheck Protection Loan of $1.6M through Parkside Financial Bank & Trust, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in January, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Blastrac N.a., Inc's 2019 payroll expenses are estimated to be at least $7.67M.

Based on their reported 95 jobs retained, this equals an estimated average yearly compensation of $80,754 per employee1

Reported PPP Proceed Usage:

On the PPP application, Blastrac N.a., Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,598,255

Business Information - Blastrac N.a., Inc in Oklahoma City, OK

Blastrac N.a., Inc
13201 N Santa Fe
Oklahoma City, OK 73114

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Oklahoma County, OK — SBA Office 0680 — Congressional District: OK-05

Industry PPP Comparison Statistics

Nationwide, 2,893 businesses in the "Other Commercial and Service Industry Machinery Manufacturing" industry received a total of $535.63M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 15 employees, 84% lower than Blastrac N.a., Inc's reported 95 employees, and received an average PPP loan of $185,148, 88% lower than this company's loan of $1.6M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/blastrac-na-inc-oklahoma-city-ok