PPP Loan Data — Sportstech Quality Cardio1, LLC, Tulsa, OK
Sportstech Quality Cardio1, LLC is a limited liability company (LLC) located at 10909 E 56th St in Tulsa, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Sportstech Quality Cardio1, LLC in Tulsa, OK received a Paycheck Protection Loan of $25,400 through Security Bank, which was approved in April, 2020.
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, Sportstech Quality Cardio1, LLC's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,417 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sportstech Quality Cardio1, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,400
Business Information - Sportstech Quality Cardio1, LLC in Tulsa, OK
10909 E 56th St
Tulsa, OK 74146
NAICS code 238330
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Tulsa
In the Tulsa area, 12 businesses in the "Flooring Contractors" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 7) and received an average PPP loan of $54,958 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
MK Flooring LLC
Joy Marble & Title LLC
Sportstech Quality Cardio 1 LLC
Wood Guys, LLC
The Wood Floor Store & More, LLC
Industry PPP Comparison Statistics
Nationwide, 28,132 businesses in the "Flooring Contractors" industry received a total of $1.48B 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 5 employees, 29% lower than Sportstech Quality Cardio1, LLC's reported 7 employees, and received an average PPP loan of $52,734, 108% higher than this company's loan of $25,400.
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Footnotes & Information
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