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

PPP Loan Data — TSI Healthcare Inc, Chapel Hill, NC

SBA PPP loan data, payroll data, and salaries for TSI Healthcare Inc
NC

TSI Healthcare Inc

Entity: Subchapter S Corporation

Industry: Administrative Management and General Management Consulting Services

Location: Chapel Hill, NC

Search All PPP Data

TSI Healthcare Inc is a subchapter s corporation located at 101 Europa Dr in Chapel Hill, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,444,820.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.44M

Jobs Retained:

223

Loan Approved:

2020-04-08

Lender:

FIRST HORIZON BANK

TSI Healthcare Inc received a Paycheck Protection Loan of $2.44M through FIRST HORIZON BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, TSI Healthcare Inc's total 2019 payroll expenses were approximately $11.74M in order to qualify for the PPP loan amount received.

Based on their reported 223 jobs retained, this equals an estimated average yearly compensation of $52,624 per employee1.

Because the loan received by TSI Healthcare Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - TSI Healthcare Inc in Chapel Hill, NC

TSI Healthcare Inc
101 Europa Dr
Chapel Hill, NC 27517

Business Industry

Administrative Management and General Management Consulting Services (NAICS code 541611)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NC-04

Similar Companies near Chapel Hill

In the Chapel Hill area, 24 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 223) and received an average PPP loan of $159,820 (compared to this company's $2.44M).

Industry PPP Comparison Statistics

Nationwide, 42,814 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $3,692,368,152.00 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 6 employees, 97% lower than TSI Healthcare Inc's reported 223 employees, and received an average PPP loan of $86,242, 96% lower than this company's loan of $2.44M.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/tsi-healthcare-inc-chapel-hill-nc