PPP Loan Data — Occk, Inc, Salina, KS
Entity: Non-profit Organization
Location: Salina, KSTweet This • Search All PPP Data
Occk, Inc is a non-profit organization located at 1710 W Schilling Rd in Salina, Kansas that received a Coronavirus-related PPP loan from the SBA of $2,228,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Bennington State Bank
Occk, Inc in Salina, KS received a Paycheck Protection Loan of $2.23M through The Bennington State Bank, 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, Occk, Inc's 2019 payroll expenses are estimated to be at least $10.69M.
Based on their reported 262 jobs retained, this equals an estimated average yearly compensation of $40,818 per employee1
Reported PPP Proceed Usage:
On the PPP application, Occk, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,077,500
- Utilities: $38,700
- Rent: $111,800
Business Information - Occk, Inc in Salina, KS
1710 W Schilling Rd
Salina, KS 67401
Services for the Elderly and Persons with Disabilities
NAICS code 624120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Salina
In the Salina area, 3 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a PPP loan. These local businesses reported an average of 94 employees (compared to this company's 262) and received an average PPP loan of $767,108 (compared to this company's $2.23M).
Similar Nearby Businesses Who Received PPP Funding:
Sunflower Adult Day Services Inc
Industry PPP Comparison Statistics
Nationwide, 13,270 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a total of $2.13B 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 27 employees, 90% lower than Occk, Inc's reported 262 employees, and received an average PPP loan of $160,784, 93% lower than this company's loan of $2.23M.
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Footnotes & Information
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