PPP Loan Data — Simmons Homes, LLC, Owasso, OK
Simmons Homes, LLC
Entity: Limited Liability Company (LLC)
Location: Owasso, OKTweet This • Search All PPP Data
Simmons Homes, LLC is a limited liability company (LLC) located at 12150 E 96th St N Suite 200 in Owasso, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $1,992,800.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Simmons Homes, LLC in Owasso, OK received a Paycheck Protection Loan of $1.99M through BancFirst, 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 June, 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, Simmons Homes, LLC's 2019 payroll expenses are estimated to be at least $9.57M.
Based on their reported 193 jobs retained, this equals an estimated average yearly compensation of $49,562 per employee1
Reported PPP Proceed Usage:
On the PPP application, Simmons Homes, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,992,800
Business Information - Simmons Homes, LLC in Owasso, OK
12150 E 96th St N Suite 200
Owasso, OK 74055
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Owasso
In the Owasso area, 18 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 193) and received an average PPP loan of $166,114 (compared to this company's $1.99M).
Similar Nearby Businesses Who Received PPP Funding:
Ironwood Custom Homes, LLC
John K Davis Inc
Epic Custom Homes LLC
Watts Enterprises, Inc
Greg Wylie Construction
Maintenance Innovators, Inc
Limestone Construction LLC
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 97% lower than Simmons Homes, LLC's reported 193 employees, and received an average PPP loan of $45,182, 98% lower than this company's loan of $1.99M.
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Footnotes & Information
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