PPP Loan Data — Tele-Direct Communications Inc, Sacramento, CA
Tele-Direct Communications Inc is a corporation located at 4745 Chippendale Dr in Sacramento, California that received a Coronavirus-related PPP loan from the SBA of $2,043,249.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Tele-Direct Communications Inc in Sacramento, CA received a Paycheck Protection Loan of $2.04M through Bank of America, National Association, which was approved in May, 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, Tele-Direct Communications Inc's 2019 payroll expenses are estimated to be at least $9.81M.
Based on their reported 400 jobs retained, this equals an estimated average yearly compensation of $24,519 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tele-Direct Communications Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,043,249
Business Information - Tele-Direct Communications Inc in Sacramento, CA
4745 Chippendale Dr
Sacramento, CA 95841
Telemarketing Bureaus and Other Contact Centers
NAICS code 561422
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Sacramento
In the Sacramento area, 4 businesses in the "Telemarketing Bureaus and Other Contact Centers" industry received a PPP loan. These local businesses reported an average of 101 employees (compared to this company's 400) and received an average PPP loan of $518,961 (compared to this company's $2.04M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 2,166 businesses in the "Telemarketing Bureaus and Other Contact Centers" industry received a total of $324.66M 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 21 employees, 95% lower than Tele-Direct Communications Inc's reported 400 employees, and received an average PPP loan of $149,889, 93% lower than this company's loan of $2.04M.
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Footnotes & Information
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