PPP Loan Data — Commercial Brick Corporation, Wewoka, OK
Commercial Brick Corporation
Entity: Subchapter S Corporation
Location: Wewoka, OKTweet This • Search All PPP Data
Commercial Brick Corporation is a subchapter s corporation located at Old Highway 270 W in Wewoka, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $1,971,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:BOKF, National Association
Commercial Brick Corporation in Wewoka, OK received a Paycheck Protection Loan of $1.97M through BOKF, National Association, 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 April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Commercial Brick Corporation's 2019 payroll expenses are estimated to be at least $9.46M.
Based on their reported 185 jobs retained, this equals an estimated average yearly compensation of $51,145 per employee1
Reported PPP Proceed Usage:
On the PPP application, Commercial Brick Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,971,200
Business Information - Commercial Brick Corporation in Wewoka, OK
Old Highway 270 W
Wewoka, OK 74884
Clay Building Material and Refractories Manufacturing
NAICS code 327120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 376 businesses in the "Clay Building Material and Refractories Manufacturing" industry received a total of $142.94M 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 33 employees, 82% lower than Commercial Brick Corporation's reported 185 employees, and received an average PPP loan of $380,169, 81% lower than this company's loan of $1.97M.
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Footnotes & Information
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