PPP Loan Data — Tekwissen LLC, Ann Arbor, MI
Tekwissen LLC is a limited liability company (LLC) located at 825 Victors Way Ste 370 in Ann Arbor, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
The company has reported itself as an Asian male owned business, and employed at least 259 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Tekwissen LLC in Ann Arbor, MI received a Paycheck Protection Loan of $2M through University Bank, which was approved in January, 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, Tekwissen LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 259 jobs retained, this equals an estimated average yearly compensation of $37,066 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tekwissen LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,997
- Utilities: $1
Business Information - Tekwissen LLC in Ann Arbor, MI
825 Victors Way Ste 370
Ann Arbor, MI 48108
Temporary Help Services
NAICS code 561320
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Ann Arbor
In the Ann Arbor area, 3 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 111 employees (compared to this company's 259) and received an average PPP loan of $1,117,559 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Openbox Solutions, Inc
Ann Arbor, MI
Ann Arbor, MI
Industry PPP Comparison Statistics
Nationwide, 8,994 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, 80% lower than Tekwissen LLC's reported 259 employees, and received an average PPP loan of $405,841, 80% lower than this company's loan of $2M.
FederalPay's PPP Information Policy
Footnotes & Information
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