PPP Loan Data — Power Costs, Inc., Norman, OK
Power Costs, Inc. is a subchapter s corporation located at 301 David L Boren Blvd Ste 2000 in Norman, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $4,863,268.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Power Costs, Inc. received a Paycheck Protection Loan of $4.86M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Power Costs, Inc.'s total 2019 payroll expenses were approximately $23.34M in order to qualify for the PPP loan amount received.
Based on their reported 245 jobs retained, this equals an estimated average yearly compensation of $95,280 per employee1.
Business Information - Power Costs, Inc. in Norman, OK
301 David L Boren Blvd Ste 2000
Norman, OK 73072
Custom Computer Programming Services (NAICS code 541511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OK-04
Similar Companies near Norman
In the Norman area, 11 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 245) and received an average PPP loan of $463,737 (compared to this company's $4.86M).
Similar Nearby Businesses Who Received PPP Funding:
Digital Dimensions Inc
Immersion Factory, LLC
New Look Media
Code And Spark Innovations LLC
Xyant Technology Inc
Industry PPP Comparison Statistics
Nationwide, 24,641 businesses in the "Custom Computer Programming Services" industry received a total of $4,943,790,485.00 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 11 employees, 96% lower than Power Costs, Inc.'s reported 245 employees, and received an average PPP loan of $200,633, 96% lower than this company's loan of $4.86M.
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