PPP Loan Data — Southwestern Wire Inc, Norman, OK
Southwestern Wire Inc is a corporation located at 3505 North Interstate Dr in Norman, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $3,247,200.00 in April, 2020.
$ PPP Loan Information
Southwestern Wire Inc received a Paycheck Protection Loan of $3.25M through VALLIANCE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Southwestern Wire Inc's total 2019 payroll expenses were approximately $15.59M in order to qualify for the PPP loan amount received.
Based on their reported 258 jobs retained, this equals an estimated average yearly compensation of $60,413 per employee1.
Business Information - Southwestern Wire Inc in Norman, OK
3505 North Interstate Dr
Norman, OK 73069
Steel Wire Drawing (NAICS code 331222)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OK-04
Industry PPP Comparison Statistics
Nationwide, 115 businesses in the "Steel Wire Drawing" industry received a total of $51,983,649.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 35 employees, 86% lower than Southwestern Wire Inc's reported 258 employees, and received an average PPP loan of $452,032, 86% lower than this company's loan of $3.25M.
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Footnotes & Information
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