PPP Loan Data — Fred Jones Enterprises, LLC, Oklahoma City, OK
Fred Jones Enterprises, LLC
Entity: Limited Liability Company (LLC)
Location: Oklahoma City, OKTweet This • Search All PPP Data
Fred Jones Enterprises, LLC is a limited liability company (LLC) located at 6200 Sw 29th Street, Suite A in Oklahoma City, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $1,551,905.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Fred Jones Enterprises, LLC in Oklahoma City, OK received a Paycheck Protection Loan of $1.55M through FirstBank, 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, Fred Jones Enterprises, LLC's 2019 payroll expenses are estimated to be at least $7.45M.
Based on their reported 104 jobs retained, this equals an estimated average yearly compensation of $71,626 per employee1
Reported PPP Proceed Usage:
On the PPP application, Fred Jones Enterprises, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,551,905
Business Information - Fred Jones Enterprises, LLC in Oklahoma City, OK
6200 Sw 29th Street, Suite A
Oklahoma City, OK 73179
Motor Vehicle Supplies and New Parts Merchant Wholesalers
NAICS code 423120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 5,778 businesses in the "Motor Vehicle Supplies and New Parts Merchant Wholesalers" industry received a total of $789.24M 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 14 employees, 87% lower than Fred Jones Enterprises, LLC's reported 104 employees, and received an average PPP loan of $136,595, 91% lower than this company's loan of $1.55M.
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Footnotes & Information
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