PPP Loan Data — Tera Consulting LLC, Miami, FL
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 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.
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
* Full address is redacted to protect the privacy of individuals.
NAICS code 541330
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
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).
Similar Nearby Businesses Who Received PPP Funding:
Professional Engineering And Inspections LLC
CM Global Engineering Corp
RH Engineering Group
GLF Construction Corporation
DLG Engineering Inc
Sport Manufacturing Inc
Rctek Architecture & Engineering LLC
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!