PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Stephenson Wholesale Co., Inc., Durant, OK

SBA PPP loan data, payroll data, and salaries for Stephenson Wholesale Co., Inc.
OK

Stephenson Wholesale Co., Inc.

Entity: Corporation

Industry: Other Miscellaneous Nondurable Goods Merchant Wholesalers

Location: Durant, OK

Search All PPP Data

Stephenson Wholesale Co., Inc. is a corporation located at 230 So 22nd Avenue in Durant, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $2,660,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.66M

Jobs Retained:

251

Loan Approved:

2020-04-13

Lender:

MIDFIRST BANK

Stephenson Wholesale Co., Inc. received a Paycheck Protection Loan of $2.66M through MIDFIRST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Stephenson Wholesale Co., Inc.'s total 2019 payroll expenses were approximately $12.77M in order to qualify for the PPP loan amount received.

Based on their reported 251 jobs retained, this equals an estimated average yearly compensation of $50,874 per employee1.

Because the loan received by Stephenson Wholesale Co., Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Stephenson Wholesale Co., Inc. in Durant, OK

Stephenson Wholesale Co., Inc.
230 So 22nd Avenue
Durant, OK 74701

Business Industry

Other Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS code 424990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OK-02

Similar Companies near Durant

In the Durant area, 2 businesses in the "Other Miscellaneous Nondurable Goods Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 127 employees (compared to this company's 251) and received an average PPP loan of $1,337,750 (compared to this company's $2.66M).

Similar Nearby Businesses Who Received PPP Funding:

Aqua Accessories, LLC
Durant, OK

$15,200 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 8,398 businesses in the "Other Miscellaneous Nondurable Goods Merchant Wholesalers" industry received a total of $907,670,921.00 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 10 employees, 96% lower than Stephenson Wholesale Co., Inc.'s reported 251 employees, and received an average PPP loan of $108,082, 96% lower than this company's loan of $2.66M.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/stephenson-wholesale-co-inc-durant-ok