PPP Loan Data — The Pioneer Telephone Association, Inc, Ulysses, KS
The Pioneer Telephone Association, Inc is a corporation located at 120 W Kansas in Ulysses, Kansas that received a Coronavirus-related PPP loan from the SBA of $1,808,742.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 121 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Grant County Bank
The Pioneer Telephone Association, Inc in Ulysses, KS received a Paycheck Protection Loan of $1.81M through Grant County 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 February, 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 Pioneer Telephone Association, Inc's 2019 payroll expenses are estimated to be at least $8.68M.
Based on their reported 121 jobs retained, this equals an estimated average yearly compensation of $71,752 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Pioneer Telephone Association, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,808,742
Business Information - The Pioneer Telephone Association, Inc in Ulysses, KS
120 W Kansas
Ulysses, KS 67880
Wired Telecommunications Carriers
NAICS code 517311
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: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,832 businesses in the "Wired Telecommunications Carriers" industry received a total of $366.35M 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 15 employees, 88% lower than The Pioneer Telephone Association, Inc's reported 121 employees, and received an average PPP loan of $199,970, 89% lower than this company's loan of $1.81M.
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Footnotes & Information
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