PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Ink Images Inc, Tulsa, OK

ALERT: There are 2 PPP loans for a total of $45,673 in our database for businesses with the name "Ink Images Inc" in Tulsa, OK. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Ink Images Inc
OK

Ink Images Inc

Entity: Corporation

Industry: Commercial Printing (except Screen and Books)

Location: Tulsa, OK

Search All PPP Data

Ink Images Inc is a corporation located at 4305 S Mingo Rd Ste C in Tulsa, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $20,273.00 in February, 2021.

$ PPP Loan Information
Loan #1976588508

Loan Size:

$20,273

Jobs Retained:

2

Loan Approved:

2021-02-19

Loan Status:

Paid in Full or Forgiven

Lender:

The Central Trust Bank

Ink Images Inc in Tulsa, OK received a Paycheck Protection Loan of $20,273 through The Central Trust Bank, which was approved in February, 2021.

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 August, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Ink Images Inc's 2019 payroll expenses are estimated to be at least $97,310.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $48,655 per employee1

Reported PPP Proceed Usage:

On the PPP application, Ink Images Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,271
  • Utilities: $1

Business Information - Ink Images Inc in Tulsa, OK

Ink Images Inc
4305 S Mingo Rd Ste C
Tulsa, OK 74146

Business Industry:
Commercial Printing (except Screen and Books)
NAICS code 323111

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Tulsa County, OK — SBA Office 0680 — Congressional District: OK-01

Similar Companies near Tulsa

In the Tulsa area, 18 businesses in the "Commercial Printing (except Screen and Books)" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 2) and received an average PPP loan of $240,345 (compared to this company's $20,273).

Industry PPP Comparison Statistics

Nationwide, 23,850 businesses in the "Commercial Printing (except Screen and Books)" industry received a total of $3.07B 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 12 employees, 500% higher than Ink Images Inc's reported 2 employees, and received an average PPP loan of $128,748, 535% higher than this company's loan of $20,273.

SBA PPP loan data, payroll data, and salaries for Ink Images Inc
OK

Ink Images Inc

Entity: Corporation

Industry: Commercial Screen Printing

Location: Tulsa, OK

Search All PPP Data

Ink Images Inc is a corporation located at 4305 C S Mingo Rd in Tulsa, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.

The company has reported itself as a female owned business, and employed at least three people during the applicable loan loan period.

$ PPP Loan Information
Loan #4893477000

Loan Size:

$25,400

Jobs Retained:

3

Loan Approved:

2020-04-04

Loan Status:

Paid in Full or Forgiven

Lender:

The Central Trust Bank

Ink Images Inc in Tulsa, OK received a Paycheck Protection Loan of $25,400 through The Central Trust Bank, 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 February, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Ink Images Inc's 2019 payroll expenses are estimated to be at least $121,920.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,640 per employee1

Reported PPP Proceed Usage:

On the PPP application, Ink Images Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,400

Business Information - Ink Images Inc in Tulsa, OK

Ink Images Inc
4305 C S Mingo Rd
Tulsa, OK 74146

Business Industry:
Commercial Screen Printing
NAICS code 323113

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Female Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Tulsa County, OK — SBA Office 0680 — Congressional District: OK-01

Similar Companies near Tulsa

In the Tulsa area, 7 businesses in the "Commercial Screen Printing" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 3) and received an average PPP loan of $131,327 (compared to this company's $25,400).

Industry PPP Comparison Statistics

Nationwide, 10,380 businesses in the "Commercial Screen Printing" industry received a total of $657.53M 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 8 employees, 167% higher than Ink Images Inc's reported 3 employees, and received an average PPP loan of $63,346, 149% higher than this company's loan of $25,400.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/ink-images-inc-tulsa-ok