PPP Loan Data — Spectrum Paint Company, Inc., Tulsa, OK
Spectrum Paint Company, Inc. is a corporation located at 15247 Skelly Dr in Tulsa, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $2,985,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 309 people during the applicable loan loan period.
$ PPP Loan Information
Lender:INTRUST BANK, NATIONAL ASSOCIATION
Spectrum Paint Company, Inc. received a Paycheck Protection Loan of $2.99M through INTRUST BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Spectrum Paint Company, Inc.'s total 2019 payroll expenses were approximately $14.33M in order to qualify for the PPP loan amount received.
Based on their reported 309 jobs retained, this equals an estimated average yearly compensation of $46,369 per employee1.
Business Information - Spectrum Paint Company, Inc. in Tulsa, OK
15247 Skelly Dr
Tulsa, OK 74116
Paint and Wallpaper Stores (NAICS code 444120)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: OK-01
Similar Companies near Tulsa
In the Tulsa area, 2 businesses in the "Paint and Wallpaper Stores" industry received a PPP loan. These local businesses reported an average of 234 employees (compared to this company's 309) and received an average PPP loan of $2,259,500 (compared to this company's $2.99M).
Similar Nearby Businesses Who Received PPP Funding:
Spectrum Paint East, LLC
Industry PPP Comparison Statistics
Nationwide, 1,154 businesses in the "Paint and Wallpaper Stores" industry received a total of $88,628,282.00 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 8 employees, 97% lower than Spectrum Paint Company, Inc.'s reported 309 employees, and received an average PPP loan of $76,801, 97% lower than this company's loan of $2.99M.
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Footnotes & Information
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