PPP Loan Data — Tony Setzer, Colony, OK
Tony Setzer is a sole proprietorship located at 3143 County Road 1140 in Colony, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Farm Credit of Western Oklahoma, ACA
Tony Setzer in Colony, OK received a Paycheck Protection Loan of $25,400 through Farm Credit of Western Oklahoma, ACA, 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, Tony Setzer's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,640 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tony Setzer reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,400
Business Information - Tony Setzer in Colony, OK
3143 County Road 1140
Colony, OK 73021
Beef Cattle Ranching and Farming
NAICS code 112111
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Colony
In the Colony area, 58 businesses in the "Beef Cattle Ranching and Farming" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 3) and received an average PPP loan of $15,767 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
Phyllis L. Webb
Industry PPP Comparison Statistics
Nationwide, 215,770 businesses in the "Beef Cattle Ranching and Farming" industry received a total of $2.8B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 1 employees, 67% lower than Tony Setzer's reported 3 employees, and received an average PPP loan of $12,970, 49% lower than this company's loan of $25,400.
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