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PPP Loan Data — United Petroleum Transports, Inc.,
Oklahoma City, OK
United Petroleum Transports, Inc.
Entity: Corporation
Industry: Natural Gas Distribution
Location: Oklahoma City, OK
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United Petroleum Transports, Inc. is a corporation located at 4312 S Georgia Pl in Oklahoma City, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $5,976,250.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
417Loan Approved:
2020-04-06Lender:
BANCFIRSTUnited Petroleum Transports, Inc. received a Paycheck Protection Loan of $5.98M through BANCFIRST, which was approved in April, 2020.
Based on standard PPP eligibility rules, United Petroleum Transports, Inc.'s total 2019 payroll expenses were approximately $28.69M in order to qualify for the PPP loan amount received.
Based on their reported 417 jobs retained, this equals an estimated average yearly compensation of $68,791 per employee1.
Business Information - United Petroleum Transports, Inc. in Oklahoma City, OK
4312 S Georgia Pl
Oklahoma City, OK 73129
Business Industry
Natural Gas Distribution (NAICS code 221210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: OK-05Industry PPP Comparison Statistics
Nationwide, 706 businesses in the "Natural Gas Distribution" industry received a total of $114,451,120.00 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, 97% lower than United Petroleum Transports, Inc.'s reported 417 employees, and received an average PPP loan of $162,112, 97% lower than this company's loan of $5.98M.
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.
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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