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PPP Loan Data — Stephens Family Limited Partnership,
Tulsa, OK
Stephens Family Limited Partnership
Entity: Limited Liability Partnership
Industry: Radio Stations
Location: Tulsa, OK
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Stephens Family Limited Partnership is a limited liability partnership located at 2448 E 81st St Ste 5700 in Tulsa, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
The company has reported itself as a White owned business, and employed at least 284 people during the applicable loan loan period.
$
PPP Loan Information
Loan #9651878303
Loan Size:
Jobs Retained:
284Loan Approved:
2021-01-31Loan Status:
Paid in Full or ForgivenLender:
SpiritBankStephens Family Limited Partnership in Tulsa, OK received a Paycheck Protection Loan of $2M through SpiritBank, which was approved in January, 2021.
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 April, 2022.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Stephens Family Limited Partnership's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 284 jobs retained, this equals an estimated average yearly compensation of $33,803 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stephens Family Limited Partnership reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,997
- Utilities: $1
Business Information - Stephens Family Limited Partnership in Tulsa, OK
2448 E 81st St Ste 5700
Tulsa, OK 74137
Business Industry:
Radio Stations
NAICS code 515112
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Tulsa
In the Tulsa area, 4 businesses in the "Radio Stations" industry received a PPP loan. These local businesses reported an average of 139 employees (compared to this company's 284) and received an average PPP loan of $1,473,023 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Kjmm, Inc
Tulsa, OK
Industry PPP Comparison Statistics
Nationwide, 3,713 businesses in the "Radio Stations" industry received a total of $450.76M 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 14 employees, 95% lower than Stephens Family Limited Partnership's reported 284 employees, and received an average PPP loan of $121,402, 94% lower than this company's loan of $2M.
Stephens Family Limited Partnership
Entity: Limited Liability Partnership
Industry: Radio Stations
Location: Tulsa, OK
Tweet This
•
Search All PPP Data
Stephens Family Limited Partnership is a limited liability partnership located at 2448 E 81st St in Tulsa, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $3,695,400.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 249 people during the applicable loan loan period.
$
PPP Loan Information
Loan #4476397010
Loan Size:
Jobs Retained:
249Loan Approved:
2020-04-03Loan Status:
Paid in Full or ForgivenLender:
SpiritBankStephens Family Limited Partnership in Tulsa, OK received a Paycheck Protection Loan of $3.7M through SpiritBank, 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 July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Stephens Family Limited Partnership's 2019 payroll expenses are estimated to be at least $17.74M.
Based on their reported 249 jobs retained, this equals an estimated average yearly compensation of $71,237 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stephens Family Limited Partnership reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,695,400
Business Information - Stephens Family Limited Partnership in Tulsa, OK
2448 E 81st St
Tulsa, OK 74137
Business Industry:
Radio Stations
NAICS code 515112
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There are 4 other businesses that received a PPP loan registered to the same address as Stephens Family Limited Partnership.
RRK Consulting Inc
All Other Professional, Scientific, and Technical Services
Body Mind & Spirit Wellness Center, Institute
Other Direct Selling Establishments
Bliss Maid Service Corporation
Janitorial Services
Bliss Maid Services Corporation
All Other Personal Services
Similar Companies near Tulsa
In the Tulsa area, 4 businesses in the "Radio Stations" industry received a PPP loan. These local businesses reported an average of 139 employees (compared to this company's 249) and received an average PPP loan of $1,473,023 (compared to this company's $3.7M).
Similar Nearby Businesses Who Received PPP Funding:
Kjmm, Inc
Tulsa, OK
Industry PPP Comparison Statistics
Nationwide, 3,713 businesses in the "Radio Stations" industry received a total of $450.76M 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 14 employees, 94% lower than Stephens Family Limited Partnership's reported 249 employees, and received an average PPP loan of $121,402, 97% lower than this company's loan of $3.7M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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