PPP Loan Data — Stigler Health & Wellness Center, Inc, Stigler, OK
Stigler Health & Wellness Center, Inc is a corporation located at 1505 E Main St in Stigler, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $2,063,700.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Stigler Health & Wellness Center, Inc in Stigler, OK received a Paycheck Protection Loan of $2.06M through BancFirst, 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, Stigler Health & Wellness Center, Inc's 2019 payroll expenses are estimated to be at least $9.91M.
Based on their reported 226 jobs retained, this equals an estimated average yearly compensation of $43,831 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stigler Health & Wellness Center, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,908,064
- Health Care: $155,636
Business Information - Stigler Health & Wellness Center, Inc in Stigler, OK
1505 E Main St
Stigler, OK 74462
All Other Outpatient Care Centers
NAICS code 621498
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Stigler
In the Stigler area, 2 businesses in the "All Other Outpatient Care Centers" industry received a PPP loan. These local businesses reported an average of 114 employees (compared to this company's 226) and received an average PPP loan of $1,042,267 (compared to this company's $2.06M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 20,239 businesses in the "All Other Outpatient Care Centers" industry received a total of $1.82B 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 9 employees, 96% lower than Stigler Health & Wellness Center, Inc's reported 226 employees, and received an average PPP loan of $90,010, 96% lower than this company's loan of $2.06M.
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Footnotes & Information
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