PPP Loan Data — The Ross Group, Tulsa, OK
The Ross Group
Location: Tulsa, OKTweet This • Search All PPP Data
The Ross Group is a corporation located at 510 East 2nd Street in Tulsa, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $1,800,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Oklahoma Bank
The Ross Group in Tulsa, OK received a Paycheck Protection Loan of $1.8M through First Oklahoma Bank, 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, The Ross Group's 2019 payroll expenses are estimated to be at least $8.64M.
Based on their reported 103 jobs retained, this equals an estimated average yearly compensation of $83,925 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Ross Group reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,492,621
- Utilities: $12,000
- Rent: $112,332
- Health Care: $160,000
- Debt Interest: $23,947
Business Information - The Ross Group in Tulsa, OK
510 East 2nd Street
Tulsa, OK 74120
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Tulsa
In the Tulsa area, 5 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 103) and received an average PPP loan of $413,947 (compared to this company's $1.8M).
Similar Nearby Businesses Who Received PPP Funding:
Pardee Construction, LLC
Timber Solutions International, Inc
Industry PPP Comparison Statistics
Nationwide, 78,873 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.41B 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 12 employees, 88% lower than The Ross Group's reported 103 employees, and received an average PPP loan of $157,325, 91% lower than this company's loan of $1.8M.
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Footnotes & Information
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