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PPP Loan Data — Tera Consulting LLC, Miami, FL

SBA PPP loan data, payroll data, and salaries for Tera Consulting LLC
FL

Tera Consulting LLC

Entity: Sole Proprietorship

Industry: Engineering Services

Location: Miami, FL

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Tera Consulting LLC is a sole proprietorship located in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $3,667.00 in May, 2020.

The company has reported itself as a White male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #8199997306

Loan Size:

$3,667

Jobs Retained:

1

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of America, National Association

Tera Consulting LLC in Miami, FL received a Paycheck Protection Loan of $3,667 through Bank of America, 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 January, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Tera Consulting LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,667

Business Information - Tera Consulting LLC in Miami, FL

Tera Consulting LLC
Miami, FL
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Engineering Services
NAICS code 541330

Business Owner Demographics

Race: White

Ethnicity: Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Miami-dade County, FL — SBA Office 0455 — Congressional District: FL-27

Similar Companies near Miami

In the Miami area, 21 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 1) and received an average PPP loan of $251,576 (compared to this company's $3,667).

Industry PPP Comparison Statistics

Nationwide, 47,285 businesses in the "Engineering Services" industry received a total of $9.19B 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 13 employees, 1200% higher than Tera Consulting LLC's reported 1 employees, and received an average PPP loan of $194,408, 5202% higher than this company's loan of $3,667.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/tera-consulting-llc-miami-fl