PPP Loan Data — Huestis Tucker Architects, LLC, Woodbridge, CT
Huestis Tucker Architects, LLC is a limited liability company (LLC) located at 15 Research Drive, Suite 5 in Woodbridge, Connecticut that received a Coronavirus-related PPP loan from the SBA of $46,900.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Webster Bank, National Association
Huestis Tucker Architects, LLC in Woodbridge, CT received a Paycheck Protection Loan of $46,900 through Webster Bank, National Association, 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 June, 2021.
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, Huestis Tucker Architects, LLC's 2019 payroll expenses are estimated to be at least $225,120.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $75,040 per employee1
Reported PPP Proceed Usage:
On the PPP application, Huestis Tucker Architects, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,900
Business Information - Huestis Tucker Architects, LLC in Woodbridge, CT
15 Research Drive, Suite 5
Woodbridge, CT 6525
NAICS code 541310
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Woodbridge
In the Woodbridge area, 4 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $15,090 (compared to this company's $46,900).
Similar Nearby Businesses Who Received PPP Funding:
Charles Beckman Swanson Architects
Nathan J Topf Aia Architect LLC
Industry PPP Comparison Statistics
Nationwide, 29,037 businesses in the "Architectural Services" industry received a total of $3.76B 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 8 employees, 167% higher than Huestis Tucker Architects, LLC's reported 3 employees, and received an average PPP loan of $129,489, 176% higher than this company's loan of $46,900.
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Footnotes & Information
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