PPP Loan Data — Tsunami Tsolutions LLC, Glastonbury, CT
Tsunami Tsolutions LLC
Entity: Limited Liability Company (LLC)
Location: Glastonbury, CTTweet This • Search All PPP Data
Tsunami Tsolutions LLC is a limited liability company (LLC) located at 655 Winding Brook Dr in Glastonbury, Connecticut that received a Coronavirus-related PPP loan from the SBA of $1,896,296.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:People's United Bank, National Association
Tsunami Tsolutions LLC in Glastonbury, CT received a Paycheck Protection Loan of $1.9M through People's United Bank, National Association, 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 May, 2021.
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, Tsunami Tsolutions LLC's 2019 payroll expenses are estimated to be at least $9.1M.
Based on their reported 122 jobs retained, this equals an estimated average yearly compensation of $74,608 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tsunami Tsolutions LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,896,296
Business Information - Tsunami Tsolutions LLC in Glastonbury, CT
655 Winding Brook Dr
Glastonbury, CT 6033
Administrative Management and General Management Consulting Services
NAICS code 541611
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Glastonbury
In the Glastonbury area, 23 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 122) and received an average PPP loan of $182,031 (compared to this company's $1.9M).
Similar Nearby Businesses Who Received PPP Funding:
Think Support-Sales-Service-Suggestions LLC
Yomo Consulting LLC
Katherine Curry DBA Katherine Curry
Asomin And Associates LLC
Industry PPP Comparison Statistics
Nationwide, 94,773 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $5.51B 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 5 employees, 96% lower than Tsunami Tsolutions LLC's reported 122 employees, and received an average PPP loan of $58,139, 97% lower than this company's loan of $1.9M.
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Footnotes & Information
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