PPP Loan Data — TSD Holdings, LLC, North Andover, MA
TSD Holdings, LLC is a limited liability company (LLC) located at 1620 Turnpike Street in North Andover, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $1,729,910.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Webster Bank, National Association
TSD Holdings, LLC in North Andover, MA received a Paycheck Protection Loan of $1.73M through Webster 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, TSD Holdings, LLC's 2019 payroll expenses are estimated to be at least $8.3M.
Based on their reported 85 jobs retained, this equals an estimated average yearly compensation of $97,689 per employee1
Reported PPP Proceed Usage:
On the PPP application, TSD Holdings, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,729,910
Business Information - TSD Holdings, LLC in North Andover, MA
1620 Turnpike Street
North Andover, MA 1845
Commodity Contracts Dealing
NAICS code 523130
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 715 businesses in the "Commodity Contracts Dealing" industry received a total of $58.58M 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 7 employees, 92% lower than TSD Holdings, LLC's reported 85 employees, and received an average PPP loan of $81,928, 95% lower than this company's loan of $1.73M.
FederalPay's PPP Information Policy
Footnotes & Information
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