PPP Loan Data — Heavener Business LLC, Heavener, OK
Heavener Business LLC is a limited liability company (LLC) located at 706 W 1st St. in Heavener, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $25,309.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First National Bank
Heavener Business LLC in Heavener, OK received a Paycheck Protection Loan of $25,309 through First National Bank, which was approved in May, 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, Heavener Business LLC's 2019 payroll expenses are estimated to be at least $121,483.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,297 per employee1
Reported PPP Proceed Usage:
On the PPP application, Heavener Business LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,309
Business Information - Heavener Business LLC in Heavener, OK
706 W 1st St.
Heavener, OK 74937
Gasoline Stations with Convenience Stores
NAICS code 447110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 45,026 businesses in the "Gasoline Stations with Convenience Stores" industry received a total of $2.06B 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 10 employees, 100% higher than Heavener Business LLC's reported 5 employees, and received an average PPP loan of $45,821, 81% higher than this company's loan of $25,309.
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Footnotes & Information
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