PPP Loan Data — Tier1 Technologies, LLC, Covington, KY
Tier1 Technologies, LLC is a limited liability company (LLC) located at 100 E Rivercenter Blvd in Covington, Kentucky that received a Coronavirus-related PPP loan from the SBA of $3,462,300.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST FINANCIAL BANK
Tier1 Technologies, LLC in Covington, KY received a Paycheck Protection Loan of $3.46M through FIRST FINANCIAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Tier1 Technologies, LLC's total 2019 payroll expenses were approximately $16.62M in order to qualify for the PPP loan amount received.
Based on their reported 167 jobs retained, this equals an estimated average yearly compensation of $99,515 per employee1.
Business Information - Tier1 Technologies, LLC in Covington, KY
100 E Rivercenter Blvd
Covington, KY 41011
Other Management Consulting Services (NAICS code 541618)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: KY-04
Similar Companies near Covington
In the Covington area, 9 businesses in the "Other Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 167) and received an average PPP loan of $509,839 (compared to this company's $3.46M).
Similar Nearby Businesses Who Received PPP Funding:
Park Place Business Improvement Strategies LLC
Thomas J. Munninghoff
Computer Networking Consultants
Park Hills, KY
Interad Solutions, Inc.
ROK Consulting LLC
Park Hills, KY
Tier 1 Performance Solutions LLC
Compass Clinical Consulting Co.
Industry PPP Comparison Statistics
Nationwide, 45,812 businesses in the "Other Management Consulting Services" industry received a total of $2,639,462,577.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 98% lower than Tier1 Technologies, LLC's reported 167 employees, and received an average PPP loan of $57,615, 98% lower than this company's loan of $3.46M.
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Footnotes & Information
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