PPP Loan Data — Petra Industries, LLC, Edmond, OK
Petra Industries, LLC
Entity: Limited Liability Company (LLC)
Location: Edmond, OKTweet This • Search All PPP Data
Petra Industries, LLC is a limited liability company (LLC) located at 2101 S Kelly in Edmond, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $2,404,105.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:U.S. Bank, National Association
Petra Industries, LLC in Edmond, OK received a Paycheck Protection Loan of $2.4M through U.S. 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, Petra Industries, LLC's 2019 payroll expenses are estimated to be at least $11.54M.
Based on their reported 240 jobs retained, this equals an estimated average yearly compensation of $48,082 per employee1
Reported PPP Proceed Usage:
On the PPP application, Petra Industries, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,404,105
Business Information - Petra Industries, LLC in Edmond, OK
2101 S Kelly
Edmond, OK 73013
Other Electronic Parts and Equipment Merchant Wholesalers
NAICS code 423690
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Edmond
In the Edmond area, 5 businesses in the "Other Electronic Parts and Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 50 employees (compared to this company's 240) and received an average PPP loan of $510,784 (compared to this company's $2.4M).
Similar Nearby Businesses Who Received PPP Funding:
Able Telephone Systems Inc
Sela Products, LLC
Industry PPP Comparison Statistics
Nationwide, 4,801 businesses in the "Other Electronic Parts and Equipment Merchant Wholesalers" industry received a total of $613M 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 11 employees, 95% lower than Petra Industries, LLC's reported 240 employees, and received an average PPP loan of $127,682, 95% lower than this company's loan of $2.4M.
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Footnotes & Information
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