PPP Loan Data — Tuuci Worldwide, LLC, Hialeah, FL
Tuuci Worldwide, LLC is a limited liability company (LLC) located at 1000 Se 8th Street in Hialeah, Florida that received a Coronavirus-related PPP loan from the SBA of $3,192,232.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 100 people during the applicable loan loan period.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Tuuci Worldwide, LLC in Hialeah, FL received a Paycheck Protection Loan of $3.19M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 100 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 153.
Based on standard PPP eligibility rules, Tuuci Worldwide, LLC's total 2019 payroll expenses were approximately $15.32M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 100 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Tuuci Worldwide, LLC in Hialeah, FL
1000 Se 8th Street
Hialeah, FL 33010
Metal Household Furniture Manufacturing (NAICS code 337124)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: VETERANCongressional District: FL-25
Industry PPP Comparison Statistics
Nationwide, 174 businesses in the "Metal Household Furniture Manufacturing" industry received a total of $32,264,270.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 15 employees, 85% lower than Tuuci Worldwide, LLC's reported 100 employees, and received an average PPP loan of $185,427, 94% lower than this company's loan of $3.19M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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