PPP Loan Data — Nextep Professional Services, Inc., Norman, OK
Nextep Professional Services, Inc. is a corporation located at 1800 N Interstate Dr in Norman, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $2,485,300.00 in April, 2020.
$ PPP Loan Information
Nextep Professional Services, Inc. received a Paycheck Protection Loan of $2.49M through ARVEST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Nextep Professional Services, Inc.'s total 2019 payroll expenses were approximately $11.93M in order to qualify for the PPP loan amount received.
Based on their reported 182 jobs retained, this equals an estimated average yearly compensation of $65,546 per employee1.
Business Information - Nextep Professional Services, Inc. in Norman, OK
1800 N Interstate Dr
Norman, OK 73072
Professional Employer Organizations (NAICS code 561330)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OK-04
Similar Companies near Norman
In the Norman area, 2 businesses in the "Professional Employer Organizations" industry received a PPP loan. These local businesses reported an average of 92 employees (compared to this company's 182) and received an average PPP loan of $1,254,200 (compared to this company's $2.49M).
Similar Nearby Businesses Who Received PPP Funding:
Nextep Benefits Services, Inc.
Industry PPP Comparison Statistics
Nationwide, 1,298 businesses in the "Professional Employer Organizations" industry received a total of $544,321,819.00 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 38 employees, 79% lower than Nextep Professional Services, Inc.'s reported 182 employees, and received an average PPP loan of $419,354, 83% lower than this company's loan of $2.49M.
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Footnotes & Information
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