PPP Loan Data — Team Diehl, Inc, Quakertown, PA
Team Diehl, Inc is a subchapter s corporation located at 101 East Mill St Suite A in Quakertown, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $24,943.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Team Diehl, Inc in Quakertown, PA received a Paycheck Protection Loan of $24,943 through QNB 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, Team Diehl, Inc's 2019 payroll expenses are estimated to be at least $119,726.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,932 per employee1
Reported PPP Proceed Usage:
On the PPP application, Team Diehl, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,943
Business Information - Team Diehl, Inc in Quakertown, PA
101 East Mill St Suite A
Quakertown, PA 18951
NAICS code 999990
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Quakertown
In the Quakertown area, 4 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 4) and received an average PPP loan of $31,615 (compared to this company's $24,943).
Similar Nearby Businesses Who Received PPP Funding:
Outdoor Professionals Network LLC
Dave's Services LLC
Cutting Edge Sports
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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 10 employees, 150% higher than Team Diehl, Inc's reported 4 employees, and received an average PPP loan of $42,878, 72% higher than this company's loan of $24,943.
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Footnotes & Information
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