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PPP Loan Data — Tedeschi USA LLC,
New York, NY
Tedeschi USA LLC
Entity: Limited Liability Company (LLC)
Industry: Furniture Merchant Wholesalers
Location: New York, NY
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Tedeschi USA LLC is a limited liability company (LLC) located at 110 E 42nd St Rm 300 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $75,362.00 in January, 2021.
$
PPP Loan Information
Loan #9538038307
Loan Size:
Jobs Retained:
9Loan Approved:
2021-01-30Loan Status:
Paid in Full or ForgivenLender:
JPMorgan Chase Bank, National AssociationTedeschi USA LLC in New York, NY received a Paycheck Protection Loan of $75,362 through JPMorgan Chase Bank, National Association, which was approved in January, 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, Tedeschi USA LLC's 2019 payroll expenses are estimated to be at least $361,738.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $40,193 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tedeschi USA LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $75,362
Business Information - Tedeschi USA LLC in New York, NY
110 E 42nd St Rm 300
New York, NY 10017
Business Industry:
Furniture Merchant Wholesalers
NAICS code 423210
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near New York
In the New York area, 36 businesses in the "Furniture Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 9) and received an average PPP loan of $267,027 (compared to this company's $75,362).
Similar Nearby Businesses Who Received PPP Funding:
Cote France (New York), Inc
New York, NY
Icgroup Us Corp (Fontana Arte)
New York, NY
Wood & Hogan, Inc
New York, NY
Commercial File Of NY Inc
New York, NY
Artistic Linen Inc
New York, NY
Kifu Paris LLC
New York, NY
Primason Symchik Contract Inc
New York, NY
Trendwell Inc
New York, NY
S4S America Inc
New York, NY
Industry PPP Comparison Statistics
Nationwide, 5,179 businesses in the "Furniture Merchant Wholesalers" industry received a total of $678.83M 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 11 employees, 22% higher than Tedeschi USA LLC's reported 9 employees, and received an average PPP loan of $131,074, 74% higher than this company's loan of $75,362.
Tedeschi USA, LLC
Entity: Limited Liability Company (LLC)
Industry: All Other Specialty Trade Contractors
Location: New York, NY
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Tedeschi USA, LLC is a limited liability company (LLC) located at 110 E 42 St Rm 300 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $75,927.00 in May, 2020.
$
PPP Loan Information
Loan #2264607708
Loan Size:
Jobs Retained:
80Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
JPMorgan Chase Bank, National AssociationTedeschi USA, LLC in New York, NY received a Paycheck Protection Loan of $75,927 through JPMorgan Chase Bank, National Association, which was approved in May, 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, Tedeschi USA, LLC's 2019 payroll expenses are estimated to be at least $364,450.
Based on their reported 80 jobs retained, this equals an estimated average yearly compensation of $4,556 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tedeschi USA, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $75,927
Business Information - Tedeschi USA, LLC in New York, NY
110 E 42 St Rm 300
New York, NY 10017
Business Industry:
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near New York
In the New York area, 39 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 80) and received an average PPP loan of $576,605 (compared to this company's $75,927).
Similar Nearby Businesses Who Received PPP Funding:
Visionary Building Corp
New York, NY
Wall 2 Wall NY LTD
New York, NY
United Glass-Metal Yapi, LLC
New York, NY
R G Contracting NY, LLC
New York, NY
Alpine Construction & Landscaping Corp
New York, NY
New York Construciton Associates LLC
New York, NY
Richard Grunn
New York, NY
STM Drywall, LLC
New York, NY
Marick Contracting Corp
New York, NY
Industry PPP Comparison Statistics
Nationwide, 92,272 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.02B 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, 90% lower than Tedeschi USA, LLC's reported 80 employees, and received an average PPP loan of $86,941, 15% higher than this company's loan of $75,927.
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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