PPP Loan Data — Telford Aviation Inc, Milwaukee, WI
Telford Aviation Inc
Location: Milwaukee, WITweet This • Search All PPP Data
Telford Aviation Inc is a corporation located at 6135 S Jasper Ave in Milwaukee, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $1,572,400.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Associated Bank, National Association
Telford Aviation Inc in Milwaukee, WI received a Paycheck Protection Loan of $1.57M through Associated Bank, National Association, which was approved in April, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 75. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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, Telford Aviation Inc's 2019 payroll expenses are estimated to be at least $7.55M (not accounting for salary amounts > $100k).
Because the 65 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Telford Aviation Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,572,400
Business Information - Telford Aviation Inc in Milwaukee, WI
6135 S Jasper Ave
Milwaukee, WI 53207
Other Scientific and Technical Consulting Services
NAICS code 541690
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Milwaukee
In the Milwaukee area, 5 businesses in the "Other Scientific and Technical Consulting Services" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 65) and received an average PPP loan of $321,370 (compared to this company's $1.57M).
Similar Nearby Businesses Who Received PPP Funding:
KLD Construction Management Services LLC
CAM Net LLC
Industry PPP Comparison Statistics
Nationwide, 28,306 businesses in the "Other Scientific and Technical Consulting Services" industry received a total of $2.1B 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 6 employees, 91% lower than Telford Aviation Inc's reported 65 employees, and received an average PPP loan of $74,096, 95% lower than this company's loan of $1.57M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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