PPP Loan Data — P & T Management, LLC, Tulsa, OK
P & T Management, LLC is a limited liability company (LLC) located at 5407 S Lewis Ave #100 in Tulsa, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
The company has reported itself as an American indian or alaska native male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
P & T Management, LLC in Tulsa, OK received a Paycheck Protection Loan of $25,200 through Security 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 February, 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, P & T Management, LLC's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,320 per employee1
Reported PPP Proceed Usage:
On the PPP application, P & T Management, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - P & T Management, LLC in Tulsa, OK
5407 S Lewis Ave #100
Tulsa, OK 74105
Insurance Agencies and Brokerages
NAICS code 524210
Business Owner Demographics
Race: American Indian or Alaska Native
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Tulsa
In the Tulsa area, 48 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 3) and received an average PPP loan of $58,353 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Peter W West
Dave Bryant Agency, Inc
Insurance Benefits Of Tulsa, LLC
Selman Insurance Agency Inc
Raymond M Hale III
Bjorn Van Nimwegen
Lewis Insurance Inc
Industry PPP Comparison Statistics
Nationwide, 149,532 businesses in the "Insurance Agencies and Brokerages" industry received a total of $5.87B 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 4 employees, 33% higher than P & T Management, LLC's reported 3 employees, and received an average PPP loan of $39,254, 56% higher than this company's loan of $25,200.
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Footnotes & Information
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