PPP Loan Data — The Local Telephone Directory, Inc, Ponca City, OK
The Local Telephone Directory, Inc is a subchapter s corporation located at 118 N Oak St in Ponca City, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
The Local Telephone Directory, Inc in Ponca City, OK received a Paycheck Protection Loan of $25,000 through RCB Bank, 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 April, 2021.
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, The Local Telephone Directory, Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Local Telephone Directory, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - The Local Telephone Directory, Inc in Ponca City, OK
118 N Oak St
Ponca City, OK 74601
Directory and Mailing List Publishers
NAICS code 511140
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Ponca City
In the Ponca City area, 2 businesses in the "Directory and Mailing List Publishers" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $25,000 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Dancey-Meador Publishing Co Inc
Ponca City, OK
Industry PPP Comparison Statistics
Nationwide, 406 businesses in the "Directory and Mailing List Publishers" industry received a total of $56.52M 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 13 employees, 550% higher than The Local Telephone Directory, Inc's reported 2 employees, and received an average PPP loan of $139,223, 457% higher than this company's loan of $25,000.
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Footnotes & Information
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