PPP Loan Data — Tntx, LLC, Grapevine, TX
Tntx, LLC is a limited liability company (LLC) located at 2051 Hughes Rd in Grapevine, Texas that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
$ PPP Loan Information
Tntx, LLC received a Paycheck Protection Loan of $10M through FROST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Tntx, LLC's total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1.
Business Information - Tntx, LLC in Grapevine, TX
2051 Hughes Rd
Grapevine, TX 76051
Used Car Dealers (NAICS code 441120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-24
Similar Companies near Grapevine
In the Grapevine area, 2 businesses in the "Used Car Dealers" industry received a PPP loan. These local businesses reported an average of 252 employees (compared to this company's 500) and received an average PPP loan of $5,027,300 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
Grapevine Auto Sales Inc
Industry PPP Comparison Statistics
Nationwide, 19,222 businesses in the "Used Car Dealers" industry received a total of $1,465,557,208.00 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 7 employees, 99% lower than Tntx, LLC's reported 500 employees, and received an average PPP loan of $76,244, 99% lower than this company's loan of $10M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!