PPP Loan Data — Lawton Fort Sill Tag Agency LLC, Lawton, OK
Lawton Fort Sill Tag Agency LLC is a limited liability company (LLC) located at 29 Sw D Ave in Lawton, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lawton Fort Sill Tag Agency LLC in Lawton, OK received a Paycheck Protection Loan of $25,200 through Arvest 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 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, Lawton Fort Sill Tag Agency LLC's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,192 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lawton Fort Sill Tag Agency LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Lawton Fort Sill Tag Agency LLC in Lawton, OK
29 Sw D Ave
Lawton, OK 73501
All Other Personal Services
NAICS code 812990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Lawton
In the Lawton area, 10 businesses in the "All Other Personal Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 5) and received an average PPP loan of $8,542 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
JMD Property Preservation Company Inc
Veronica Jean Tindall
Master Driving School LLC
Designs By Lex, LLC
Enchanted Mirror Events, LLC
Industry PPP Comparison Statistics
Nationwide, 237,729 businesses in the "All Other Personal Services" industry received a total of $5.63B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, 40% lower than Lawton Fort Sill Tag Agency LLC's reported 5 employees, and received an average PPP loan of $23,676, 6% lower than this company's loan of $25,200.
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Footnotes & Information
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