PPP Loan Data — Hamel Medical, Yukon, OK
Entity: Subchapter S Corporation
Location: Yukon, OKTweet This • Search All PPP Data
Hamel Medical is a subchapter s corporation located at 400 Maxi Ct Ste 7 in Yukon, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $25,295.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Hamel Medical in Yukon, OK received a Paycheck Protection Loan of $25,295 through Quontic Bank, which was approved in April, 2020.
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, Hamel Medical's 2019 payroll expenses are estimated to be at least $121,416.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,283 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hamel Medical reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,295
Business Information - Hamel Medical in Yukon, OK
400 Maxi Ct Ste 7
Yukon, OK 73099
Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers
NAICS code 423450
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Yukon
In the Yukon area, 3 businesses in the "Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 5) and received an average PPP loan of $25,937 (compared to this company's $25,295).
Similar Nearby Businesses Who Received PPP Funding:
Sensory Bins, LLC
Fred Evans Medical Gas Consulting LLC
Industry PPP Comparison Statistics
Nationwide, 14,443 businesses in the "Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers" industry received a total of $1.42B 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 9 employees, 80% higher than Hamel Medical's reported 5 employees, and received an average PPP loan of $98,382, 289% higher than this company's loan of $25,295.
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Footnotes & Information
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