PPP Loan Data — Pamplin Body Shop Inc, Lawton, OK
Pamplin Body Shop Inc
Entity: Subchapter S Corporation
Location: Lawton, OKTweet This • Search All PPP Data
Pamplin Body Shop Inc is a subchapter s corporation located at 203 Sw H Ave in Lawton, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $46,813.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Liberty National Bank
Pamplin Body Shop Inc in Lawton, OK received a Paycheck Protection Loan of $46,813 through Liberty National 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 March, 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, Pamplin Body Shop Inc's 2019 payroll expenses are estimated to be at least $224,702.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,450 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pamplin Body Shop Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $35,109
- Utilities: $3,901
- Rent: $3,901
- Health Care: $3,901
Business Information - Pamplin Body Shop Inc in Lawton, OK
203 Sw H Ave
Lawton, OK 73501
Automotive Body, Paint, and Interior Repair and Maintenance
NAICS code 811121
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Lawton
In the Lawton area, 5 businesses in the "Automotive Body, Paint, and Interior Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 6) and received an average PPP loan of $19,489 (compared to this company's $46,813).
Similar Nearby Businesses Who Received PPP Funding:
Crow's Body Shop LLC
Mullens Collision Repair LLC
Jack A Mullen
Industry PPP Comparison Statistics
Nationwide, 41,993 businesses in the "Automotive Body, Paint, and Interior Repair and Maintenance" industry received a total of $2.54B 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 6 employees, the same amount reported by Pamplin Body Shop Inc and received an average PPP loan of $60,493, 29% higher than this company's loan of $46,813.
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