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PPP Loan Data — TDG Staffing LLC,
Houston, TX
TDG Staffing LLC
Entity: Limited Liability Company (LLC)
Industry: Employment Placement Agencies
Location: Houston, TX
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TDG Staffing LLC is a limited liability company (LLC) located at 5424 Katy Fwy Ste 300 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.
The company has reported itself as a male owned business, and employed at least 160 people during the applicable loan loan period.
$
PPP Loan Information
Loan #6698628607
Loan Size:
Jobs Retained:
160Loan Approved:
2021-03-23Loan Status:
Paid in Full or ForgivenLender:
Texas Gulf Bank, National AssociationTDG Staffing LLC in Houston, TX received a Paycheck Protection Loan of $2M through Texas Gulf Bank, National Association, which was approved in March, 2021.
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 October, 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 MoreUnderstanding 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 MoreBased 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, TDG Staffing LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 160 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, TDG Staffing LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,996
- Utilities: $1
Business Information - TDG Staffing LLC in Houston, TX
5424 Katy Fwy Ste 300
Houston, TX 77007
Business Industry:
Employment Placement Agencies
NAICS code 561311
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as TDG Staffing LLC.
Ideal Staffing Services LLC
Temporary Help Services
Similar Companies near Houston
In the Houston area, 16 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 64 employees (compared to this company's 160) and received an average PPP loan of $950,654 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Viking Ventures, LLC
Houston, TX
LPC Personnel, Inc
Houston, TX
Mcdermott And Wiedemann, LLC
Houston, TX
Ascend National LLC
Houston, TX
LPC Personnel Services LLC
Houston, TX
Davinci International, Inc
Houston, TX
Icon Information Consultants, LP
Houston, TX
LPC Personnel Staffing, Inc
Houston, TX
Industry PPP Comparison Statistics
Nationwide, 12,514 businesses in the "Employment Placement Agencies" industry received a total of $3.47B 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 35 employees, 78% lower than TDG Staffing LLC's reported 160 employees, and received an average PPP loan of $277,509, 86% lower than this company's loan of $2M.
TDG Staffing, LLC
Entity: Limited Liability Company (LLC)
Industry: Temporary Help Services
Location: Houston, TX
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TDG Staffing, LLC is a limited liability company (LLC) located at 5424 Katy Freeway, Ste. 300 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $3,597,700.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 498 people during the applicable loan loan period.
$
PPP Loan Information
Loan #4810097010
Loan Size:
Jobs Retained:
498Loan Approved:
2020-04-04Loan Status:
Paid in Full or ForgivenLender:
Texas Gulf Bank, National AssociationTDG Staffing, LLC in Houston, TX received a Paycheck Protection Loan of $3.6M through Texas Gulf 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 July, 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 MoreUnderstanding 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 MoreBased 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, TDG Staffing, LLC's 2019 payroll expenses are estimated to be at least $17.27M.
Based on their reported 498 jobs retained, this equals an estimated average yearly compensation of $34,677 per employee1
Reported PPP Proceed Usage:
On the PPP application, TDG Staffing, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,597,700
Business Information - TDG Staffing, LLC in Houston, TX
5424 Katy Freeway, Ste. 300
Houston, TX 77007
Business Industry:
Temporary Help Services
NAICS code 561320
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 10 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 69 employees (compared to this company's 498) and received an average PPP loan of $485,935 (compared to this company's $3.6M).
Similar Nearby Businesses Who Received PPP Funding:
Ideal Staffing Services LLC
Houston, TX
LPC Personnel Staffing Inc
Houston, TX
Hiring Source Inc
Houston, TX
Magnum Staffing Services Inc
Houston, TX
Crew Staffing, Inc
Houston, TX
Shady Bon Temps, Inc
Houston, TX
Matchstick, LLC
Houston, TX
Brad Clarke
Houston, TX
Industry PPP Comparison Statistics
Nationwide, 8,904 businesses in the "Temporary Help Services" industry received a total of $3.65B 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 51 employees, 90% lower than TDG Staffing, LLC's reported 498 employees, and received an average PPP loan of $409,775, 89% lower than this company's loan of $3.6M.
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.
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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