PPP Loan Data — Langholz Group, LLC, Tulsa, OK
Langholz Group, LLC is a limited liability company (LLC) located at 2431 E 61st St Ste 725 in Tulsa, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $24,904.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Langholz Group, LLC in Tulsa, OK received a Paycheck Protection Loan of $24,904 through Grand 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 March, 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, Langholz Group, LLC's 2019 payroll expenses are estimated to be at least $119,539.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,846 per employee1
Reported PPP Proceed Usage:
On the PPP application, Langholz Group, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,904
Business Information - Langholz Group, LLC in Tulsa, OK
2431 E 61st St Ste 725
Tulsa, OK 74136
Drilling Oil and Gas Wells
NAICS code 213111
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Tulsa
In the Tulsa area, 7 businesses in the "Drilling Oil and Gas Wells" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 3) and received an average PPP loan of $353,330 (compared to this company's $24,904).
Similar Nearby Businesses Who Received PPP Funding:
Alan D Kilian
BRG Energy Inc
Weinkauf Petroleum, Inc
Eagle Resources Group, LLC
ME3 Oilfield Service LLC
Industry PPP Comparison Statistics
Nationwide, 5,486 businesses in the "Drilling Oil and Gas Wells" industry received a total of $748.62M 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 9 employees, 200% higher than Langholz Group, LLC's reported 3 employees, and received an average PPP loan of $136,461, 448% higher than this company's loan of $24,904.
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Footnotes & Information
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