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PPP Loan Data — Trade Collective LLC, Norwell, MA

ALERT: There are 2 PPP loans for a total of $41,664 in our database for businesses with the name "Trade Collective LLC" in Norwell, MA. 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 Trade Collective LLC
MA

Trade Collective LLC

Entity: Limited Liability Company (LLC)

Industry: Other Scientific and Technical Consulting Services

Location: Norwell, MA

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Trade Collective LLC is a limited liability company (LLC) located in Norwell, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $20,832.00 in April, 2021.

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 #8698588705

Loan Size:

$20,832

Jobs Retained:

1

Loan Approved:

2021-04-08

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

Trade Collective LLC in Norwell, MA received a Paycheck Protection Loan of $20,832 through Bank of America, National Association, which was approved in April, 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.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Trade Collective LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,832

Business Information - Trade Collective LLC in Norwell, MA

Trade Collective LLC
Norwell, MA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Other Scientific and Technical Consulting Services
NAICS code 541690

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Plymouth County, MA — SBA Office 0101 — Congressional District: MA-09

Similar Companies near Norwell

In the Norwell area, 10 businesses in the "Other Scientific and Technical Consulting Services" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 1) and received an average PPP loan of $443,200 (compared to this company's $20,832).

Industry PPP Comparison Statistics

Nationwide, 28,306 businesses in the "Other Scientific and Technical Consulting Services" industry received a total of $2.1B 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, 500% higher than Trade Collective LLC's reported 1 employees, and received an average PPP loan of $74,096, 256% higher than this company's loan of $20,832.

SBA PPP loan data, payroll data, and salaries for Trade Collective, LLC
MA

Trade Collective, LLC

Entity: Limited Liability Company (LLC)

Industry:

Location: Norwell, MA

Search All PPP Data

Trade Collective, LLC is a limited liability company (LLC) located in Norwell, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $20,832.00 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 #6063807700

Loan Size:

$20,832

Jobs Retained:

1

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of America, National Association

Trade Collective, LLC in Norwell, MA received a Paycheck Protection Loan of $20,832 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 April, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Trade Collective, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,832

Business Information - Trade Collective, LLC in Norwell, MA

Trade Collective, LLC
Norwell, MA
* Full address is redacted to protect the privacy of individuals.

Business Industry:

NAICS code

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Plymouth County, MA — SBA Office 0101 — Congressional District: MA-09

Industry PPP Comparison Statistics

Nationwide, 0 businesses in the "" industry received a total of $0 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 0 employees, 100% lower than Trade Collective, LLC's reported 1 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $20,832.

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/trade-collective-llc-norwell-ma