PPP Loan Data — Tedia Company, Inc, Fairfield, OH
Tedia Company, Inc is a subchapter s corporation located at 1000 Tedia Way in Fairfield, Ohio that received a Coronavirus-related PPP loan from the SBA of $1,540,700.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Tedia Company, Inc in Fairfield, OH received a Paycheck Protection Loan of $1.54M through Commerce Bank, 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 March, 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, Tedia Company, Inc's 2019 payroll expenses are estimated to be at least $7.4M.
Based on their reported 105 jobs retained, this equals an estimated average yearly compensation of $70,432 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tedia Company, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,407,900
- Mortgage Interest: $18,000
- Health Care: $110,000
- Debt Interest: $4,800
Business Information - Tedia Company, Inc in Fairfield, OH
1000 Tedia Way
Fairfield, OH 45014
All Other Basic Organic Chemical Manufacturing
NAICS code 325199
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 770 businesses in the "All Other Basic Organic Chemical Manufacturing" industry received a total of $213.9M 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 19 employees, 82% lower than Tedia Company, Inc's reported 105 employees, and received an average PPP loan of $277,790, 82% lower than this company's loan of $1.54M.
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Footnotes & Information
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