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PPP Loan Data — Western Printing Company, Inc, Tulsa, OK

SBA PPP loan data, payroll data, and salaries for Western Printing Company, Inc
OK

Western Printing Company, Inc

Entity: Subchapter S Corporation

Industry: Commercial Printing (except Screen and Books)

Location: Tulsa, OK

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Western Printing Company, Inc is a subchapter s corporation located at 5129 S. 95th East Ave in Tulsa, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $215,000.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least nineteen people during the applicable loan loan period.

$ PPP Loan Information
Loan #4305747101

Loan Size:

$215,000

Jobs Retained:

19

Loan Approved:

2020-04-13

Loan Status:

Paid in Full or Forgiven

Lender:

Mabrey Bank

Western Printing Company, Inc in Tulsa, OK received a Paycheck Protection Loan of $215,000 through Mabrey Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Western Printing Company, Inc's 2019 payroll expenses are estimated to be at least $1.03M.

Based on their reported 19 jobs retained, this equals an estimated average yearly compensation of $54,316 per employee1

Reported PPP Proceed Usage:

On the PPP application, Western Printing Company, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $175,556
  • Utilities: $7,836
  • Rent: $17,200
  • Health Care: $12,408
  • Debt Interest: $2,000

Business Information - Western Printing Company, Inc in Tulsa, OK

Western Printing Company, Inc
5129 S. 95th East Ave
Tulsa, OK 74145

Business Industry:
Commercial Printing (except Screen and Books)
NAICS code 323111

Business Owner Demographics

Race: White

Ethnicity: Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Change of Ownership

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Tulsa County, OK — SBA Office 0680 — Congressional District: OK-01

Similar Companies near Tulsa

In the Tulsa area, 18 businesses in the "Commercial Printing (except Screen and Books)" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 19) and received an average PPP loan of $240,345 (compared to this company's $215,000).

Industry PPP Comparison Statistics

Nationwide, 23,850 businesses in the "Commercial Printing (except Screen and Books)" industry received a total of $3.07B 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, 37% lower than Western Printing Company, Inc's reported 19 employees, and received an average PPP loan of $128,748, 40% lower than this company's loan of $215,000.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/western-printing-company-inc-tulsa-ok