PPP Loan Data — Southern Impact, LLC, Tulsa, OK
Southern Impact, LLC is a limited liability company (LLC) located at 6747 Foxbriar Dr in Tulsa, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $46,755.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:American Heritage Bank
Southern Impact, LLC in Tulsa, OK received a Paycheck Protection Loan of $46,755 through American Heritage 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, Southern Impact, LLC's 2019 payroll expenses are estimated to be at least $224,424.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,808 per employee1
Reported PPP Proceed Usage:
On the PPP application, Southern Impact, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,755
Business Information - Southern Impact, LLC in Tulsa, OK
6747 Foxbriar Dr
Tulsa, OK 74132
Document Preparation Services
NAICS code 561410
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Tulsa
In the Tulsa area, 5 businesses in the "Document Preparation Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $49,153 (compared to this company's $46,755).
Similar Nearby Businesses Who Received PPP Funding:
Managed Outsource Solutions LLC
USA Signs, Inc
Bonners Bookkeeping LLC
Industry PPP Comparison Statistics
Nationwide, 6,791 businesses in the "Document Preparation Services" industry received a total of $171.72M 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, the same amount reported by Southern Impact, LLC and received an average PPP loan of $25,286, 46% lower than this company's loan of $46,755.
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Footnotes & Information
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