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PPP Loan Data — TUV Rheinland Of North America Inc,
Littleton, MA
TUV Rheinland Of North America Inc
Entity: Corporation
Industry: Testing Laboratories
Location: Littleton, MA
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TUV Rheinland Of North America Inc is a corporation located at 295 Foster St in Littleton, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $8,138,930.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
429Loan Approved:
2020-04-27Lender:
HSBC BANK USA, NATIONAL ASSOCIATIONTUV Rheinland Of North America Inc received a Paycheck Protection Loan of $8.14M through HSBC BANK USA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, TUV Rheinland Of North America Inc's total 2019 payroll expenses were approximately $39.07M in order to qualify for the PPP loan amount received.
Based on their reported 429 jobs retained, this equals an estimated average yearly compensation of $91,065 per employee1.
Business Information - TUV Rheinland Of North America Inc in Littleton, MA
295 Foster St
Littleton, MA 1460
Business Industry
Testing Laboratories (NAICS code 541380)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MA-03Similar Companies near Littleton
In the Littleton area, 2 businesses in the "Testing Laboratories" industry received a PPP loan. These local businesses reported an average of 218 employees (compared to this company's 429) and received an average PPP loan of $4,121,065 (compared to this company's $8.14M).
Similar Nearby Businesses Who Received PPP Funding:
Bay State Water Works Supply, Inc.
Littleton, MA
Industry PPP Comparison Statistics
Nationwide, 2,909 businesses in the "Testing Laboratories" industry received a total of $594,088,408.00 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 16 employees, 96% lower than TUV Rheinland Of North America Inc's reported 429 employees, and received an average PPP loan of $204,224, 97% lower than this company's loan of $8.14M.
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.
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.
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