PPP Loan Data — Oklahoma Rural Care LLC, Sallisaw, OK
Oklahoma Rural Care LLC
Entity: Limited Liability Company (LLC)
Location: Sallisaw, OKTweet This • Search All PPP Data
Oklahoma Rural Care LLC is a limited liability company (LLC) located at 2025 Prairie Fire Dr. in Sallisaw, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 24 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Oklahoma Rural Care LLC in Sallisaw, OK received a Paycheck Protection Loan of $25,000 through Firstar Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA 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 Rural Care LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 24 jobs retained, this equals an estimated average yearly compensation of $5,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Oklahoma Rural Care LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Oklahoma Rural Care LLC in Sallisaw, OK
2025 Prairie Fire Dr.
Sallisaw, OK 74955
Residential Intellectual and Developmental Disability Facilities
NAICS code 623210
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Sallisaw
In the Sallisaw area, 2 businesses in the "Residential Intellectual and Developmental Disability Facilities" industry received a PPP loan. These local businesses reported an average of 178 employees (compared to this company's 24) and received an average PPP loan of $35,000 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
People Inc. Of Sequoyah County
Industry PPP Comparison Statistics
Nationwide, 3,014 businesses in the "Residential Intellectual and Developmental Disability Facilities" industry received a total of $1.28B 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 58 employees, 142% higher than Oklahoma Rural Care LLC's reported 24 employees, and received an average PPP loan of $424,200, 1597% higher than this company's loan of $25,000.
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