PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Nextep Professional Services, Inc., Norman, OK

SBA PPP loan data, payroll data, and salaries for Nextep Professional Services, Inc.
OK

Nextep Professional Services, Inc.

Entity: Corporation

Industry: Professional Employer Organizations

Location: Norman, OK

Search All PPP Data

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

Loan Size:

$2.49M

Jobs Retained:

182

Loan Approved:

2020-04-05

Lender:

ARVEST BANK

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.

Because the loan received by Nextep Professional Services, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Nextep Professional Services, Inc. in Norman, OK

Nextep Professional Services, Inc.
1800 N Interstate Dr
Norman, OK 73072

Business Industry

Professional Employer Organizations (NAICS code 561330)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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.
Norman, OK

$23,100 PPP Loan

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.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/nextep-professional-services-inc-norman-ok