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PPP Loan Data — Strutton Services, LLC, Norman, OK

SBA PPP loan data, payroll data, and salaries for Strutton Services, LLC
OK

Strutton Services, LLC

Entity: Limited Liability Company (LLC)

Industry: Residential Remodelers

Location: Norman, OK

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Strutton Services, LLC is a limited liability company (LLC) located in Norman, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $6,300.00 in May, 2020.

$ PPP Loan Information
Loan #6030937403

Loan Size:

$6,300

Jobs Retained:

1

Loan Approved:

2020-05-13

Loan Status:

Paid in Full or Forgiven

Lender:

First United Bank and Trust Company

Strutton Services, LLC in Norman, OK received a Paycheck Protection Loan of $6,300 through First United Bank and Trust Company, which was approved in May, 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 January, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Strutton Services, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $6,300

Business Information - Strutton Services, LLC in Norman, OK

Strutton Services, LLC
Norman, OK
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Residential Remodelers
NAICS code 236118

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Cleveland County, OK — SBA Office 0680 — Congressional District: OK-04

Similar Companies near Norman

In the Norman area, 23 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 1) and received an average PPP loan of $39,527 (compared to this company's $6,300).

Industry PPP Comparison Statistics

Nationwide, 175,017 businesses in the "Residential Remodelers" industry received a total of $5.32B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 3 employees, 200% higher than Strutton Services, LLC's reported 1 employees, and received an average PPP loan of $30,405, 383% higher than this company's loan of $6,300.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/strutton-services-llc-norman-ok