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PPP Loan Data — CDS Machine Inc, Haskell, OK

SBA PPP loan data, payroll data, and salaries for CDS Machine Inc

CDS Machine Inc

Entity: Corporation

Industry: Machine Shops

Location: Haskell, OK

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CDS Machine Inc is a corporation located at 116 E Airport Rd. in Haskell, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $46,632.00 in January, 2021.

The company has reported itself as an American indian or alaska native male veteran owned business, and employed at least seven people during the applicable loan loan period.

$ PPP Loan Information
Loan #7868608305

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Ongoing Loan


First Bank of the Lake

CDS Machine Inc in Haskell, OK received a Paycheck Protection Loan of $46,632 through First Bank of the Lake, which was approved in January, 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, CDS Machine Inc's 2019 payroll expenses are estimated to be at least $223,834.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,976 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $46,627
  • Utilities: $1

Business Information - CDS Machine Inc in Haskell, OK

CDS Machine Inc
116 E Airport Rd.
Haskell, OK 74436

Business Industry:
Machine Shops
NAICS code 332710

Business Owner Demographics

Race: American Indian or Alaska Native

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Rural

Muskogee County, OK — SBA Office 0680 — Congressional District: OK-02

Similar Companies near Haskell

In the Haskell area, 3 businesses in the "Machine Shops" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 7) and received an average PPP loan of $30,044 (compared to this company's $46,632).

Industry PPP Comparison Statistics

Nationwide, 16,572 businesses in the "Machine Shops" industry received a total of $2.92B 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 15 employees, 114% higher than CDS Machine Inc's reported 7 employees, and received an average PPP loan of $176,279, 278% higher than this company's loan of $46,632.

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.

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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 - The Civil Employee's Resource **