PPP Loan Data — T. T. I., Inc, Eden, WI
T. T. I., Inc
Entity: Subchapter S Corporation
Location: Eden, WITweet This • Search All PPP Data
T. T. I., Inc is a subchapter s corporation located at W2266 County Road B in Eden, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $2,397,300.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 141 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
T. T. I., Inc in Eden, WI received a Paycheck Protection Loan of $2.4M through Hometown Bank, which was approved in April, 2020.
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, T. T. I., Inc's 2019 payroll expenses are estimated to be at least $11.51M.
Based on their reported 141 jobs retained, this equals an estimated average yearly compensation of $81,610 per employee1
Reported PPP Proceed Usage:
On the PPP application, T. T. I., Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,397,300
Business Information - T. T. I., Inc in Eden, WI
W2266 County Road B
Eden, WI 53019
General Freight Trucking, Long-Distance, Truckload
NAICS code 484121
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Eden
In the Eden area, 3 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 49 employees (compared to this company's 141) and received an average PPP loan of $810,400 (compared to this company's $2.4M).
Similar Nearby Businesses Who Received PPP Funding:
Miller Transport LLC
Lupe's Trucking LLC
Industry PPP Comparison Statistics
Nationwide, 116,089 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $4.64B 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 3 employees, 98% lower than T. T. I., Inc's reported 141 employees, and received an average PPP loan of $39,939, 98% lower than this company's loan of $2.4M.
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Footnotes & Information
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