PPP Loan Data — Hitch Enterprises Inc, Guymon, OK
Hitch Enterprises Inc is a corporation located at 309 Northridge Circle in Guymon, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $3,335,900.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 288 people during the applicable loan loan period.
$ PPP Loan Information
Hitch Enterprises Inc received a Paycheck Protection Loan of $3.34M through INTERBANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Hitch Enterprises Inc's total 2019 payroll expenses were approximately $16.01M in order to qualify for the PPP loan amount received.
Based on their reported 288 jobs retained, this equals an estimated average yearly compensation of $55,598 per employee1.
Business Information - Hitch Enterprises Inc in Guymon, OK
309 Northridge Circle
Guymon, OK 73942
Beef Cattle Ranching and Farming (NAICS code 112111)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: OK-03
Similar Companies near Guymon
In the Guymon area, 10 businesses in the "Beef Cattle Ranching and Farming" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 288) and received an average PPP loan of $347,425 (compared to this company's $3.34M).
Similar Nearby Businesses Who Received PPP Funding:
Herbert Alan Hale
Vantine-Landess Family, LLC
Roger D. Maschino
Northfork Land & Cattle, LLC
David Long Enterprises, LLC
Hyer AG Enterprises, LLC
Alexander & Long, Inc.
Industry PPP Comparison Statistics
Nationwide, 14,148 businesses in the "Beef Cattle Ranching and Farming" industry received a total of $326,239,874.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, 99% lower than Hitch Enterprises Inc's reported 288 employees, and received an average PPP loan of $23,059, 99% lower than this company's loan of $3.34M.
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Footnotes & Information
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