PPP Loan Data — Prime Industrial Recruiters,In, Tulsa, OK
Prime Industrial Recruiters,In is a subchapter s corporation located at 4527 E 31st St in Tulsa, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $2,738,900.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 420 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Prime Industrial Recruiters,In in Tulsa, OK received a Paycheck Protection Loan of $2.74M through Mabrey 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, Prime Industrial Recruiters,In's 2019 payroll expenses are estimated to be at least $13.15M.
Based on their reported 420 jobs retained, this equals an estimated average yearly compensation of $31,302 per employee1
Reported PPP Proceed Usage:
On the PPP application, Prime Industrial Recruiters,In reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,649,105
- Utilities: $15,152
- Rent: $31,000
- Health Care: $34,384
- Debt Interest: $9,259
Business Information - Prime Industrial Recruiters,In in Tulsa, OK
4527 E 31st St
Tulsa, OK 74135
Temporary Help Services
NAICS code 561320
Business Owner Demographics
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, 11 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 135 employees (compared to this company's 420) and received an average PPP loan of $1,516,966 (compared to this company's $2.74M).
Similar Nearby Businesses Who Received PPP Funding:
Accent Staffing Inc
Arrow Facility Services
Elite Physician Services LLC
Barracuda Staffing Inc
Alternative Labor Resources, Inc
GDH Consulting Inc
Industry PPP Comparison Statistics
Nationwide, 7,340 businesses in the "Temporary Help Services" industry received a total of $3.53B 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 59 employees, 86% lower than Prime Industrial Recruiters,In's reported 420 employees, and received an average PPP loan of $480,357, 82% lower than this company's loan of $2.74M.
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Footnotes & Information
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