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PPP Loan Data — Tervis Tumbler Company, North Venice, FL

SBA PPP loan data, payroll data, and salaries for Tervis Tumbler Company
FL

Tervis Tumbler Company

Entity: Corporation

Industry: All Other Plastics Product Manufacturing

Location: North Venice, FL

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Tervis Tumbler Company is a corporation located at 201 Triple Diamond Blvd in North Venice, Florida that received a Coronavirus-related PPP loan from the SBA of $4,729,491.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.73M

Jobs Retained:

489

Loan Approved:

2020-04-09

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Tervis Tumbler Company in North Venice, FL received a Paycheck Protection Loan of $4.73M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Tervis Tumbler Company's total 2019 payroll expenses were approximately $22.7M in order to qualify for the PPP loan amount received.

Based on their reported 489 jobs retained, this equals an estimated average yearly compensation of $46,424 per employee1.

Because the loan received by Tervis Tumbler Company is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Tervis Tumbler Company in North Venice, FL

Tervis Tumbler Company
201 Triple Diamond Blvd
North Venice, FL 34275

Business Industry

All Other Plastics Product Manufacturing (NAICS code 326199)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-17

Similar Companies near North Venice

In the North Venice area, 2 businesses in the "All Other Plastics Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 250 employees (compared to this company's 489) and received an average PPP loan of $2,391,954 (compared to this company's $4.73M).

Similar Nearby Businesses Who Received PPP Funding:

Aquatech Pool Care Inc
Nokomis, FL

$54,416 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 3,247 businesses in the "All Other Plastics Product Manufacturing" industry received a total of $1,252,980,223.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 33 employees, 93% lower than Tervis Tumbler Company's reported 489 employees, and received an average PPP loan of $385,889, 92% lower than this company's loan of $4.73M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/tervis-tumbler-company-north-venice-fl