PPP Loan Data — Ipacesetters LLC, Tulsa, OK
Ipacesetters LLC is a corporation located at 12902 E 51st St in Tulsa, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $1,950,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:LendingClub Bank, National Association
Ipacesetters LLC in Tulsa, OK received a Paycheck Protection Loan of $1.95M through LendingClub Bank, National Association, 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 June, 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, Ipacesetters LLC's 2019 payroll expenses are estimated to be at least $9.36M.
Based on their reported 300 jobs retained, this equals an estimated average yearly compensation of $31,200 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ipacesetters LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,950,000
Business Information - Ipacesetters LLC in Tulsa, OK
12902 E 51st St
Tulsa, OK 74134
Telemarketing Bureaus and Other Contact Centers
NAICS code 561422
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Tulsa
In the Tulsa area, 2 businesses in the "Telemarketing Bureaus and Other Contact Centers" industry received a PPP loan. These local businesses reported an average of 187 employees (compared to this company's 300) and received an average PPP loan of $1,414,483 (compared to this company's $1.95M).
Similar Nearby Businesses Who Received PPP Funding:
Data Exchange Inc
Industry PPP Comparison Statistics
Nationwide, 2,166 businesses in the "Telemarketing Bureaus and Other Contact Centers" industry received a total of $324.66M 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 21 employees, 93% lower than Ipacesetters LLC's reported 300 employees, and received an average PPP loan of $149,889, 92% lower than this company's loan of $1.95M.
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Footnotes & Information
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