PPP Loan Data — M & Z Tax Consultants, LLC, Beaver, OK
M & Z Tax Consultants, LLC is a limited liability company (LLC) located at 125 Ave E Box 458 in Beaver, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $46,362.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First National Bank of Weatherford d/b/a First Bank Texas
M & Z Tax Consultants, LLC in Beaver, OK received a Paycheck Protection Loan of $46,362 through First National Bank of Weatherford d/b/a First Bank Texas, which was approved in April, 2020.
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, M & Z Tax Consultants, LLC's 2019 payroll expenses are estimated to be at least $222,538.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,791 per employee1
Reported PPP Proceed Usage:
On the PPP application, M & Z Tax Consultants, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,362
Business Information - M & Z Tax Consultants, LLC in Beaver, OK
125 Ave E Box 458
Beaver, OK 73932
Tax Preparation Services
NAICS code 541213
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Beaver
In the Beaver area, 2 businesses in the "Tax Preparation Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 7) and received an average PPP loan of $24,381 (compared to this company's $46,362).
Similar Nearby Businesses Who Received PPP Funding:
Boise City, OK
Industry PPP Comparison Statistics
Nationwide, 50,853 businesses in the "Tax Preparation Services" industry received a total of $1.1B 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 3 employees, 57% lower than M & Z Tax Consultants, LLC's reported 7 employees, and received an average PPP loan of $21,684, 53% lower than this company's loan of $46,362.
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Footnotes & Information
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