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PPP Loan Data — Wallace Engineering - Structural Consultants, Inc,
Tulsa, OK
Wallace Engineering - Structural Consultants, Inc
Entity: Subchapter S Corporation
Industry: Engineering Services
Location: Tulsa, OK
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Wallace Engineering - Structural Consultants, Inc is a subchapter s corporation located at 123 N. Martin Luther King Jr Blvd in Tulsa, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $2,547,232.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 163 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
163Loan Approved:
2020-04-05Lender:
AMERICAN HERITAGE BANKWallace Engineering - Structural Consultants, Inc received a Paycheck Protection Loan of $2.55M through AMERICAN HERITAGE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Wallace Engineering - Structural Consultants, Inc's total 2019 payroll expenses were approximately $12.23M in order to qualify for the PPP loan amount received.
Based on their reported 163 jobs retained, this equals an estimated average yearly compensation of $75,011 per employee1.
Business Information - Wallace Engineering - Structural Consultants, Inc in Tulsa, OK
123 N. Martin Luther King Jr Blvd
Tulsa, OK 74103
Business Industry
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: OK-01Similar Companies near Tulsa
In the Tulsa area, 6 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 163) and received an average PPP loan of $544,888 (compared to this company's $2.55M).
Similar Nearby Businesses Who Received PPP Funding:
Third Branch Engineering, LLC
Tulsa, OK
GDP Drilling LLC
Tulsa, OK
Resolute Engineering LLC
Tulsa, OK
Lee Keeling & Associates, Inc
Tulsa, OK
XRG Technologies LLC
Tulsa, OK
Industry PPP Comparison Statistics
Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 14 employees, 91% lower than Wallace Engineering - Structural Consultants, Inc's reported 163 employees, and received an average PPP loan of $249,856, 90% lower than this company's loan of $2.55M.
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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