PPP Loan Data — Patriot Trinity LLC, Trinity, TX
Patriot Trinity LLC
Entity: Limited Liability Company (LLC)
Location: Trinity, TXTweet This • Search All PPP Data
Patriot Trinity LLC is a limited liability company (LLC) located at 205 West Pine Valley Drive in Trinity, Texas that received a Coronavirus-related PPP loan from the SBA of $1,730,500.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 128 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cadence Bank, National Association
Patriot Trinity LLC in Trinity, TX received a Paycheck Protection Loan of $1.73M through Cadence Bank, National Association, which was approved in April, 2020.
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, Patriot Trinity LLC's 2019 payroll expenses are estimated to be at least $8.31M.
Based on their reported 128 jobs retained, this equals an estimated average yearly compensation of $64,894 per employee1
Reported PPP Proceed Usage:
On the PPP application, Patriot Trinity LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,730,500
Business Information - Patriot Trinity LLC in Trinity, TX
205 West Pine Valley Drive
Trinity, TX 75862
Prefabricated Metal Building and Component Manufacturing
NAICS code 332311
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 1,362 businesses in the "Prefabricated Metal Building and Component Manufacturing" industry received a total of $310.57M 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 21 employees, 84% lower than Patriot Trinity LLC's reported 128 employees, and received an average PPP loan of $228,025, 87% lower than this company's loan of $1.73M.
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Footnotes & Information
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