PPP Loan Data — JD Morgan & Associates, Choctaw, OK
JD Morgan & Associates is a limited liability company (LLC) located at 15047 Se 15th St Ste J in Choctaw, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $46,665.00 in January, 2021.
The company has reported itself as an American indian or alaska native female owned business, and employed at least eight people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
JD Morgan & Associates in Choctaw, OK received a Paycheck Protection Loan of $46,665 through BancFirst, which was approved in January, 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, JD Morgan & Associates' 2019 payroll expenses are estimated to be at least $223,992.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $27,999 per employee1
Reported PPP Proceed Usage:
On the PPP application, JD Morgan & Associates reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,659
- Utilities: $1
Business Information - JD Morgan & Associates in Choctaw, OK
15047 Se 15th St Ste J
Choctaw, OK 73020
Child Day Care Services
NAICS code 624410
Business Owner Demographics
Race: American Indian or Alaska Native
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Choctaw
In the Choctaw area, 9 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 8) and received an average PPP loan of $43,513 (compared to this company's $46,665).
Similar Nearby Businesses Who Received PPP Funding:
Aunt B's Daycare LLC
Bright Star's Childcare Academy
TDL Enterprises LLC
Karen J Gaines
Industry PPP Comparison Statistics
Nationwide, 132,794 businesses in the "Child Day Care Services" industry received a total of $5.53B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, the same amount reported by JD Morgan & Associates and received an average PPP loan of $41,676, 11% lower than this company's loan of $46,665.
FederalPay's PPP Information Policy
Footnotes & Information
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