PPP Loan Data — TUV Rheinland Of North America Inc, Littleton, MA
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
Lender:HSBC BANK USA, NATIONAL ASSOCIATION
TUV 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
Testing Laboratories (NAICS code 541380)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MA-03
Similar 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.
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.
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Footnotes & Information
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