PPP Loan Data — The Vermont Teddy Bear Co Inc, Shelburne, VT
The Vermont Teddy Bear Co Inc is a corporation located at 6655 Shelburne Road in Shelburne, Vermont that received a Coronavirus-related PPP loan from the SBA of $1,919,047.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
The Vermont Teddy Bear Co Inc in Shelburne, VT received a Paycheck Protection Loan of $1.92M through TD Bank, National Association, which was approved in April, 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, The Vermont Teddy Bear Co Inc's 2019 payroll expenses are estimated to be at least $9.21M.
Based on their reported 116 jobs retained, this equals an estimated average yearly compensation of $79,409 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Vermont Teddy Bear Co Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,919,047
Business Information - The Vermont Teddy Bear Co Inc in Shelburne, VT
6655 Shelburne Road
Shelburne, VT 5482
Gift, Novelty, and Souvenir Stores
NAICS code 453220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 17,351 businesses in the "Gift, Novelty, and Souvenir Stores" industry received a total of $573.27M 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, 95% lower than The Vermont Teddy Bear Co Inc's reported 116 employees, and received an average PPP loan of $33,040, 98% lower than this company's loan of $1.92M.
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Footnotes & Information
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