PPP Loan Data — Wallace Engineering - Structural Consultants, Inc, Tulsa, OK
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
Lender:AMERICAN HERITAGE BANK
Wallace 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
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: OK-01
Similar 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
GDP Drilling LLC
Resolute Engineering LLC
Lee Keeling & Associates, Inc
XRG Technologies LLC
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.
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Footnotes & Information
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