PPP Loan Data — Rita J Maddux, Mooreland, OK
Rita J Maddux is a sole proprietorship located at 17157 State Highway 50 in Mooreland, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $25,482.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Farm Credit of Western Oklahoma, ACA
Rita J Maddux in Mooreland, OK received a Paycheck Protection Loan of $25,482 through Farm Credit of Western Oklahoma, ACA, 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, Rita J Maddux's 2019 payroll expenses are estimated to be at least $122,314.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,473 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rita J Maddux reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,482
Business Information - Rita J Maddux in Mooreland, OK
17157 State Highway 50
Mooreland, OK 73852
Dual-Purpose Cattle Ranching and Farming
NAICS code 112130
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Mooreland
In the Mooreland area, 3 businesses in the "Dual-Purpose Cattle Ranching and Farming" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 7) and received an average PPP loan of $16,731 (compared to this company's $25,482).
Similar Nearby Businesses Who Received PPP Funding:
Five F Enterprises
Fanning Management LLC
Industry PPP Comparison Statistics
Nationwide, 3,782 businesses in the "Dual-Purpose Cattle Ranching and Farming" industry received a total of $75.36M 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 2 employees, 71% lower than Rita J Maddux's reported 7 employees, and received an average PPP loan of $19,927, 22% lower than this company's loan of $25,482.
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