PPP Loan Data — MTM Recognition Corporation, Oklahoma City, OK
MTM Recognition Corporation
Location: Oklahoma City, OKTweet This • Search All PPP Data
MTM Recognition Corporation is a corporation located at 3405 Se 29th St in Oklahoma City, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $4,632,500.00 in April, 2020.
$ PPP Loan Information
Lender:BOKF, NATIONAL ASSOCIATION
MTM Recognition Corporation received a Paycheck Protection Loan of $4.63M through BOKF, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, MTM Recognition Corporation's total 2019 payroll expenses were approximately $22.24M in order to qualify for the PPP loan amount received.
Based on their reported 249 jobs retained, this equals an estimated average yearly compensation of $89,301 per employee1.
Business Information - MTM Recognition Corporation in Oklahoma City, OK
3405 Se 29th St
Oklahoma City, OK 73115
All Other Miscellaneous Fabricated Metal Product Manufacturing (NAICS code 332999)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OK-05
Similar Companies near Oklahoma City
In the Oklahoma City area, 2 businesses in the "All Other Miscellaneous Fabricated Metal Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 177 employees (compared to this company's 249) and received an average PPP loan of $3,069,300 (compared to this company's $4.63M).
Similar Nearby Businesses Who Received PPP Funding:
Modular Services Company
Oklahoma City, OK
Industry PPP Comparison Statistics
Nationwide, 4,328 businesses in the "All Other Miscellaneous Fabricated Metal Product Manufacturing" industry received a total of $1,219,008,137.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 91% lower than MTM Recognition Corporation's reported 249 employees, and received an average PPP loan of $281,656, 94% lower than this company's loan of $4.63M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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