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PPP Loan Data — T & W Tire LLC, Oklahoma City, OK

SBA PPP loan data, payroll data, and salaries for T & W Tire LLC

T & W Tire LLC

Entity: Limited Liability Company (LLC)

Industry: Tire Dealers

Location: Oklahoma City, OK

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T & W Tire LLC is a limited liability company (LLC) located at 25 N Council in Oklahoma City, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $6,159,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




T & W Tire LLC received a Paycheck Protection Loan of $6.16M through MIDFIRST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, T & W Tire LLC's total 2019 payroll expenses were approximately $29.57M in order to qualify for the PPP loan amount received.

Based on their reported 482 jobs retained, this equals an estimated average yearly compensation of $61,341 per employee1.

Because the loan received by T & W Tire LLC 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 - T & W Tire LLC in Oklahoma City, OK

T & W Tire LLC
25 N Council
Oklahoma City, OK 73127

Business Industry

Tire Dealers (NAICS code 441320)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OK-05

Similar Companies near Oklahoma City

In the Oklahoma City area, 3 businesses in the "Tire Dealers" industry received a PPP loan. These local businesses reported an average of 163 employees (compared to this company's 482) and received an average PPP loan of $2,064,660 (compared to this company's $6.16M).

Industry PPP Comparison Statistics

Nationwide, 5,869 businesses in the "Tire Dealers" industry received a total of $664,120,532.00 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 11 employees, 98% lower than T & W Tire LLC's reported 482 employees, and received an average PPP loan of $113,157, 98% lower than this company's loan of $6.16M.

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.

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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.

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