PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Tivoly Inc, Derby Line, VT

ALERT: There are 2 PPP loans for a total of $3.42M in our database for businesses with the name "Tivoly Inc" in Derby Line, VT. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Tivoly Inc
VT

Tivoly Inc

Entity: Corporation

Industry: Machine Tool Manufacturing

Location: Derby Line, VT

Search All PPP Data

Tivoly Inc is a corporation located at 434 Baxter Ave in Derby Line, Vermont that received a Coronavirus-related PPP loan from the SBA of $1,707,800.00 in January, 2021.

$ PPP Loan Information
Loan #3596358310

Loan Size:

$1.71M

Jobs Retained:

118

Loan Approved:

2021-01-22

Loan Status:

Ongoing Loan

Lender:

Community National Bank

Tivoly Inc in Derby Line, VT received a Paycheck Protection Loan of $1.71M through Community National Bank, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Tivoly Inc's 2019 payroll expenses are estimated to be at least $8.2M.

Based on their reported 118 jobs retained, this equals an estimated average yearly compensation of $69,470 per employee1

Reported PPP Proceed Usage:

On the PPP application, Tivoly Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,707,795
  • Utilities: $1

Business Information - Tivoly Inc in Derby Line, VT

Tivoly Inc
434 Baxter Ave
Derby Line, VT 5830

Business Industry:
Machine Tool Manufacturing
NAICS code 333517

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Rural

Orleans County, VT — SBA Office 0150 — Congressional District: VT-

Industry PPP Comparison Statistics

Nationwide, 2,977 businesses in the "Machine Tool Manufacturing" industry received a total of $619M 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 17 employees, 86% lower than Tivoly Inc's reported 118 employees, and received an average PPP loan of $207,928, 88% lower than this company's loan of $1.71M.

SBA PPP loan data, payroll data, and salaries for Tivoly, Inc
VT

Tivoly, Inc

Entity: Corporation

Industry: Precision Turned Product Manufacturing

Location: Derby Line, VT

Search All PPP Data

Tivoly, Inc is a corporation located at 434 Baxter Avenue in Derby Line, Vermont that received a Coronavirus-related PPP loan from the SBA of $1,707,800.00 in April, 2020.

$ PPP Loan Information
Loan #4295167110

Loan Size:

$1.71M

Jobs Retained:

132

Loan Approved:

2020-04-13

Loan Status:

Paid in Full or Forgiven

Lender:

Community National Bank

Tivoly, Inc in Derby Line, VT received a Paycheck Protection Loan of $1.71M through Community National Bank, which was approved in April, 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.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Tivoly, Inc's 2019 payroll expenses are estimated to be at least $8.2M.

Based on their reported 132 jobs retained, this equals an estimated average yearly compensation of $62,102 per employee1

Reported PPP Proceed Usage:

On the PPP application, Tivoly, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,707,800

Business Information - Tivoly, Inc in Derby Line, VT

Tivoly, Inc
434 Baxter Avenue
Derby Line, VT 5830

Business Industry:
Precision Turned Product Manufacturing
NAICS code 332721

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Rural

Orleans County, VT — SBA Office 0150 — Congressional District: VT-

Industry PPP Comparison Statistics

Nationwide, 1,702 businesses in the "Precision Turned Product Manufacturing" industry received a total of $501.83M 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 25 employees, 81% lower than Tivoly, Inc's reported 132 employees, and received an average PPP loan of $294,847, 83% lower than this company's loan of $1.71M.

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.

Search FederalPay's Full PPP Loan Database

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/tivoly-inc-derby-line-vt