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PPP Loan Data — Oklahoma Temporary Service Inc, Oklahoma City, OK

SBA PPP loan data, payroll data, and salaries for Oklahoma Temporary Service Inc
OK

Oklahoma Temporary Service Inc

Entity: Subchapter S Corporation

Industry: Temporary Help Services

Location: Oklahoma City, OK

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Oklahoma Temporary Service Inc is a subchapter s corporation located at 5816 Nw 135th St in Oklahoma City, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $2,512,800.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 167 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.51M

Jobs Retained:

167

Loan Approved:

2020-04-03

Lender:

MIDFIRST BANK

Oklahoma Temporary Service Inc in Oklahoma City, OK received a Paycheck Protection Loan of $2.51M through MIDFIRST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Oklahoma Temporary Service Inc's total 2019 payroll expenses were approximately $12.06M in order to qualify for the PPP loan amount received.

Based on their reported 167 jobs retained, this equals an estimated average yearly compensation of $72,224 per employee1.

Because the loan received by Oklahoma Temporary Service 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 - Oklahoma Temporary Service Inc in Oklahoma City, OK

Oklahoma Temporary Service Inc
5816 Nw 135th St
Oklahoma City, OK 73142

Business Industry

Temporary Help Services (NAICS code 561320)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: OK-05

Industry PPP Comparison Statistics

Nationwide, 4,404 businesses in the "Temporary Help Services" industry received a total of $2,681,304,257.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 61 employees, 63% lower than Oklahoma Temporary Service Inc's reported 167 employees, and received an average PPP loan of $608,834, 76% lower than this company's loan of $2.51M.

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, and is published unmodified, as provided by the SBA.

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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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/oklahoma-temporary-service-inc-oklahoma-city-ok