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PPP Loan Data — TMR Operations LLC,
Irvine, CA
TMR Operations LLC
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Location: Irvine, CA
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TMR Operations LLC is a limited liability company (LLC) located at 2532 Dupont Dr in Irvine, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in April, 2021.
$
PPP Loan Information
Loan #3239798903
Loan Size:
Jobs Retained:
247Loan Approved:
2021-04-27Loan Status:
Paid in Full or ForgivenLender:
Farmers & Merchants Bank of Long BeachTMR Operations LLC in Irvine, CA received a Paycheck Protection Loan of $2M through Farmers & Merchants Bank of Long Beach, which was approved in April, 2021.
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 September, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, TMR Operations LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 247 jobs retained, this equals an estimated average yearly compensation of $38,866 per employee1
Reported PPP Proceed Usage:
On the PPP application, TMR Operations LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,994
- Utilities: $1
Business Information - TMR Operations LLC in Irvine, CA
2532 Dupont Dr
Irvine, CA 92612
Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 9 other businesses that received a PPP loan registered to the same address as TMR Operations LLC.
The Napa Institute
Religious Organizations
The Busch Firm A Professional Corp
Offices of Lawyers
Irvine Operations, LLC
Hotels (except Casino Hotels) and Motels
Trinitas Cellars, LLC
Wineries
PHG Tempe LLC
Hotels (except Casino Hotels) and Motels
Cotton Exchange Investment Properties LLC
Hotels (except Casino Hotels) and Motels
DG Hotel Operations, LLC
Hotels (except Casino Hotels) and Motels
PHG Irvine Park Place LLC
Hotels (except Casino Hotels) and Motels
PHG Dg Hotels LLC
Hotels (except Casino Hotels) and Motels
Similar Companies near Irvine
In the Irvine area, 38 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 91 employees (compared to this company's 247) and received an average PPP loan of $1,081,997 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Landmark Hotels, LLC
Irvine, CA
Pacific City Hotel LLC
Irvine, CA
HWV Hospitality Services, Inc
Irvine, CA
Tides Hospitality, LLC
Irvine, CA
Ko'a Kea Operations, LLC
Irvine, CA
Pacific City Operations, LLC
Irvine, CA
PHG Dg Hotels LLC
Irvine, CA
Core NYC Operator, LLC
Irvine, CA
DG Hotel Operations, LLC
Irvine, CA
Industry PPP Comparison Statistics
Nationwide, 81,995 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.92B 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 23 employees, 91% lower than TMR Operations LLC's reported 247 employees, and received an average PPP loan of $169,748, 92% lower than this company's loan of $2M.
TMR Operations, LLC
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Location: Irvine, CA
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TMR Operations, LLC is a limited liability company (LLC) located at 2532 Dupont Dr in Irvine, California that received a Coronavirus-related PPP loan from the SBA of $4,456,175.00 in April, 2020.
$
PPP Loan Information
Loan #9951947001
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-09Loan Status:
Paid in Full or ForgivenLender:
Farmers & Merchants Bank of Long BeachTMR Operations, LLC in Irvine, CA received a Paycheck Protection Loan of $4.46M through Farmers & Merchants Bank of Long Beach, 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 July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, TMR Operations, LLC's 2019 payroll expenses are estimated to be at least $21.39M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $42,779 per employee1
Reported PPP Proceed Usage:
On the PPP application, TMR Operations, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,456,175
Business Information - TMR Operations, LLC in Irvine, CA
2532 Dupont Dr
Irvine, CA 92612
Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 9 other businesses that received a PPP loan registered to the same address as TMR Operations, LLC.
The Napa Institute
Religious Organizations
The Busch Firm A Professional Corp
Offices of Lawyers
Irvine Operations, LLC
Hotels (except Casino Hotels) and Motels
Trinitas Cellars, LLC
Wineries
PHG Tempe LLC
Hotels (except Casino Hotels) and Motels
Cotton Exchange Investment Properties LLC
Hotels (except Casino Hotels) and Motels
DG Hotel Operations, LLC
Hotels (except Casino Hotels) and Motels
PHG Irvine Park Place LLC
Hotels (except Casino Hotels) and Motels
PHG Dg Hotels LLC
Hotels (except Casino Hotels) and Motels
Similar Companies near Irvine
In the Irvine area, 38 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 91 employees (compared to this company's 500) and received an average PPP loan of $1,081,997 (compared to this company's $4.46M).
Similar Nearby Businesses Who Received PPP Funding:
Landmark Hotels, LLC
Irvine, CA
Pacific City Hotel LLC
Irvine, CA
HWV Hospitality Services, Inc
Irvine, CA
Tides Hospitality, LLC
Irvine, CA
Ko'a Kea Operations, LLC
Irvine, CA
Pacific City Operations, LLC
Irvine, CA
PHG Dg Hotels LLC
Irvine, CA
Core NYC Operator, LLC
Irvine, CA
DG Hotel Operations, LLC
Irvine, CA
Industry PPP Comparison Statistics
Nationwide, 81,995 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.92B 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 23 employees, 95% lower than TMR Operations, LLC's reported 500 employees, and received an average PPP loan of $169,748, 96% lower than this company's loan of $4.46M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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