PPP Loan Data — Oklahoma B'nai B'rith Hillel Foundation, Norman, OK
Oklahoma B'nai B'rith Hillel Foundation is a non-profit organization located at 494 Elm Ave in Norman, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $24,954.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Oklahoma State Bank
Oklahoma B'nai B'rith Hillel Foundation in Norman, OK received a Paycheck Protection Loan of $24,954 through Oklahoma State Bank, which was approved in January, 2021.
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, Oklahoma B'nai B'rith Hillel Foundation's 2019 payroll expenses are estimated to be at least $119,779.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,926 per employee1
Reported PPP Proceed Usage:
On the PPP application, Oklahoma B'nai B'rith Hillel Foundation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,953
- Utilities: $1
Business Information - Oklahoma B'nai B'rith Hillel Foundation in Norman, OK
494 Elm Ave
Norman, OK 73069
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Norman
In the Norman area, 30 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 3) and received an average PPP loan of $80,228 (compared to this company's $24,954).
Similar Nearby Businesses Who Received PPP Funding:
Summit Covenant Church
Grace Evangelical Lutheran Church Inc
Creation Truth Foundation
Providence Road Church, Inc
Ember Ministries, Inc
First Baptist Church Of Norman Oklahoma
First Christian Church (Desciples Of Christ) Of Norman, Okla
Industry PPP Comparison Statistics
Nationwide, 123,083 businesses in the "Religious Organizations" industry received a total of $9.27B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 300% higher than Oklahoma B'nai B'rith Hillel Foundation's reported 3 employees, and received an average PPP loan of $75,298, 202% higher than this company's loan of $24,954.
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Footnotes & Information
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