PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Pryer Aerospace LLC, Tulsa, OK

ALERT: There are 2 PPP loans for a total of $3.31M in our database for businesses with the name "Pryer Aerospace LLC" in Tulsa, OK. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Pryer Aerospace LLC
OK

Pryer Aerospace LLC

Entity: Limited Liability Company (LLC)

Industry: Other Aircraft Parts and Auxiliary Equipment Manufacturing

Location: Tulsa, OK

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Pryer Aerospace LLC is a limited liability company (LLC) located at 2230 N Sheridan Rd in Tulsa, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $1,652,973.00 in February, 2021.

$ PPP Loan Information
Loan #1700018402

Loan Size:

$1.65M

Jobs Retained:

87

Loan Approved:

2021-02-02

Loan Status:

Ongoing Loan

Lender:

Mabrey Bank

Pryer Aerospace LLC in Tulsa, OK received a Paycheck Protection Loan of $1.65M through Mabrey Bank, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Pryer Aerospace LLC's 2019 payroll expenses are estimated to be at least $7.93M.

Based on their reported 87 jobs retained, this equals an estimated average yearly compensation of $91,199 per employee1

Reported PPP Proceed Usage:

On the PPP application, Pryer Aerospace LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,652,970
  • Utilities: $1

Business Information - Pryer Aerospace LLC in Tulsa, OK

Pryer Aerospace LLC
2230 N Sheridan Rd
Tulsa, OK 74115

Business Industry:
Other Aircraft Parts and Auxiliary Equipment Manufacturing
NAICS code 336413

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Tulsa County, OK — SBA Office 0680 — Congressional District: OK-01

Similar Companies near Tulsa

In the Tulsa area, 3 businesses in the "Other Aircraft Parts and Auxiliary Equipment Manufacturing" industry received a PPP loan. These local businesses reported an average of 41 employees (compared to this company's 87) and received an average PPP loan of $747,283 (compared to this company's $1.65M).

Industry PPP Comparison Statistics

Nationwide, 1,490 businesses in the "Other Aircraft Parts and Auxiliary Equipment Manufacturing" industry received a total of $647.29M 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 34 employees, 61% lower than Pryer Aerospace LLC's reported 87 employees, and received an average PPP loan of $434,424, 74% lower than this company's loan of $1.65M.

SBA PPP loan data, payroll data, and salaries for Pryer Aerospace, LLC
OK

Pryer Aerospace, LLC

Entity: Limited Liability Company (LLC)

Industry: Aircraft Manufacturing

Location: Tulsa, OK

Search All PPP Data

Pryer Aerospace, LLC is a limited liability company (LLC) located at 2230 N Sheridan Rd in Tulsa, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $1,654,700.00 in April, 2020.

$ PPP Loan Information
Loan #4813577007

Loan Size:

$1.65M

Jobs Retained:

110

Loan Approved:

2020-04-04

Loan Status:

Paid in Full or Forgiven

Lender:

Mabrey Bank

Pryer Aerospace, LLC in Tulsa, OK received a Paycheck Protection Loan of $1.65M 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

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Pryer Aerospace, LLC's 2019 payroll expenses are estimated to be at least $7.94M.

Based on their reported 110 jobs retained, this equals an estimated average yearly compensation of $72,205 per employee1

Reported PPP Proceed Usage:

On the PPP application, Pryer Aerospace, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,379,860
  • Utilities: $88,600
  • Health Care: $140,740
  • Debt Interest: $45,500

Business Information - Pryer Aerospace, LLC in Tulsa, OK

Pryer Aerospace, LLC
2230 N Sheridan Rd
Tulsa, OK 74115

Business Industry:
Aircraft Manufacturing
NAICS code 336411

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Tulsa County, OK — SBA Office 0680 — Congressional District: OK-01

Industry PPP Comparison Statistics

Nationwide, 777 businesses in the "Aircraft Manufacturing" industry received a total of $208.79M 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 20 employees, 82% lower than Pryer Aerospace, LLC's reported 110 employees, and received an average PPP loan of $268,707, 84% lower than this company's loan of $1.65M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/pryer-aerospace-llc-tulsa-ok