PPP Loan Data — Sari Blackburn's Accounting & Tax Service, LLC, Collinsville, OK
Sari Blackburn's Accounting & Tax Service, LLC is a limited liability company (LLC) located at 1010 W Main St in Collinsville, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $46,583.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Sari Blackburn's Accounting & Tax Service, LLC in Collinsville, OK received a Paycheck Protection Loan of $46,583 through RCB 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 February, 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, Sari Blackburn's Accounting & Tax Service, LLC's 2019 payroll expenses are estimated to be at least $223,598.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,943 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sari Blackburn's Accounting & Tax Service, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,583
Business Information - Sari Blackburn's Accounting & Tax Service, LLC in Collinsville, OK
1010 W Main St
Collinsville, OK 74021
Tax Preparation Services
NAICS code 541213
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
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 Collinsville
In the Collinsville area, 7 businesses in the "Tax Preparation Services" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 7) and received an average PPP loan of $13,550 (compared to this company's $46,583).
Similar Nearby Businesses Who Received PPP Funding:
A Angel Tax
Alan D Baker
Stacy J Pratt
H & R Block
Industry PPP Comparison Statistics
Nationwide, 50,853 businesses in the "Tax Preparation Services" industry received a total of $1.1B 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 3 employees, 57% lower than Sari Blackburn's Accounting & Tax Service, LLC's reported 7 employees, and received an average PPP loan of $21,684, 53% lower than this company's loan of $46,583.
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Footnotes & Information
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