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

PPP Loan Data — Shyam LLC Of Oklahoma, Oklahoma City, OK

ALERT: There are 2 PPP loans for a total of $44,400 in our database for businesses with the name "Shyam LLC Of Oklahoma" in Oklahoma City, 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 Shyam LLC Of Oklahoma
OK

Shyam LLC Of Oklahoma

Entity: Subchapter S Corporation

Industry: Human Resources Consulting Services

Location: Oklahoma City, OK

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Shyam LLC Of Oklahoma is a subchapter s corporation located at 2404 Sw 111th St in Oklahoma City, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $28,500.00 in March, 2021.

The company has reported itself as an Asian male owned business, and employed at least fifteen people during the applicable loan loan period.

$ PPP Loan Information
Loan #9588098508

Loan Size:

$28,500

Jobs Retained:

15

Loan Approved:

2021-03-12

Loan Status:

Active Un-Disbursed

Lender:

MidFirst Bank
PPP Funds Undisbursed

Shyam LLC Of Oklahoma in Oklahoma City, OK received a Paycheck Protection Loan of $28,500 through MidFirst Bank, which was approved in March, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $28,500 in approved PPP funding has not been disbursed. 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, Shyam LLC Of Oklahoma's 2019 payroll expenses are estimated to be at least $136,800.

Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $9,120 per employee1

Reported PPP Proceed Usage:

On the PPP application, Shyam LLC Of Oklahoma reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $28,500

Business Information - Shyam LLC Of Oklahoma in Oklahoma City, OK

Shyam LLC Of Oklahoma
2404 Sw 111th St
Oklahoma City, OK 73170

Business Industry:
Human Resources Consulting Services
NAICS code 541612

Business Owner Demographics

Race: Asian

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Cleveland County, OK — SBA Office 0680 — Congressional District: OK-04

Similar Companies near Oklahoma City

In the Oklahoma City area, 2 businesses in the "Human Resources Consulting Services" industry received a PPP loan. These local businesses reported an average of 242 employees (compared to this company's 15) and received an average PPP loan of $1,622,150 (compared to this company's $28,500).

Similar Nearby Businesses Who Received PPP Funding:

Robinson Innovations (Oklahoma), LLC
Oklahoma City, OK

$3.22M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 8,254 businesses in the "Human Resources Consulting Services" industry received a total of $796.15M 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 9 employees, 40% lower than Shyam LLC Of Oklahoma's reported 15 employees, and received an average PPP loan of $96,457, 238% higher than this company's loan of $28,500.

SBA PPP loan data, payroll data, and salaries for Shyam LLC Of Oklahoma
OK

Shyam LLC Of Oklahoma

Entity: Subchapter S Corporation

Industry: Temporary Help Services

Location: Oklahoma City, OK

Search All PPP Data

Shyam LLC Of Oklahoma is a subchapter s corporation located at 2404 Sw 111th St in Oklahoma City, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $15,900.00 in April, 2020.

The company has reported itself as an Asian male owned business, and employed at least five people during the applicable loan loan period.

$ PPP Loan Information
Loan #6955867103

Loan Size:

$15,900

Jobs Retained:

5

Loan Approved:

2020-04-14

Loan Status:

Paid in Full or Forgiven

Lender:

InterBank

Shyam LLC Of Oklahoma in Oklahoma City, OK received a Paycheck Protection Loan of $15,900 through InterBank, 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 December, 2020.

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, Shyam LLC Of Oklahoma's 2019 payroll expenses are estimated to be at least $76,320.

Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $15,264 per employee1

Reported PPP Proceed Usage:

On the PPP application, Shyam LLC Of Oklahoma reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $11,925
  • Utilities: $1,000
  • Rent: $2,975

Business Information - Shyam LLC Of Oklahoma in Oklahoma City, OK

Shyam LLC Of Oklahoma
2404 Sw 111th St
Oklahoma City, OK 73170

Business Industry:
Temporary Help Services
NAICS code 561320

Business Owner Demographics

Race: Asian

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Cleveland County, OK — SBA Office 0680 — Congressional District: OK-04

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, 1080% higher than Shyam LLC Of Oklahoma's reported 5 employees, and received an average PPP loan of $480,357, 2921% higher than this company's loan of $15,900.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/shyam-llc-of-oklahoma-oklahoma-city-ok