PPP Loan Data — Optimus Industries LLC, Tulsa, OK
Optimus Industries LLC is a limited liability company (LLC) located at 5727 S. Lewis Ave. Suite 600 in Tulsa, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $2,040,522.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Optimus Industries LLC in Tulsa, OK received a Paycheck Protection Loan of $2.04M through JPMorgan Chase Bank, National Association, 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, Optimus Industries LLC's 2019 payroll expenses are estimated to be at least $9.79M.
Based on their reported 140 jobs retained, this equals an estimated average yearly compensation of $69,961 per employee1
Reported PPP Proceed Usage:
On the PPP application, Optimus Industries LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,943,418
- Utilities: $71,104
- Rent: $26,000
Business Information - Optimus Industries LLC in Tulsa, OK
5727 S. Lewis Ave. Suite 600
Tulsa, OK 74105
Power Boiler and Heat Exchanger Manufacturing
NAICS code 332410
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Tulsa
In the Tulsa area, 2 businesses in the "Power Boiler and Heat Exchanger Manufacturing" industry received a PPP loan. These local businesses reported an average of 275 employees (compared to this company's 140) and received an average PPP loan of $4,829,111 (compared to this company's $2.04M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 319 businesses in the "Power Boiler and Heat Exchanger Manufacturing" industry received a total of $173.77M 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 38 employees, 73% lower than Optimus Industries LLC's reported 140 employees, and received an average PPP loan of $544,731, 73% lower than this company's loan of $2.04M.
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Footnotes & Information
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