PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Tradition Management, LLC, Dallas, TX

SBA PPP loan data, payroll data, and salaries for Tradition Management, LLC
TX

Tradition Management, LLC

Entity: Limited Liability Company (LLC)

Industry: Continuing Care Retirement Communities

Location: Dallas, TX

Search All PPP Data

Tradition Management, LLC is a limited liability company (LLC) located at 5850 E. Lovers Ln. in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $3,071,100.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.07M

Jobs Retained:

480

Loan Approved:

2020-04-27

Lender:

KEYBANK NATIONAL ASSOCIATION

Tradition Management, LLC received a Paycheck Protection Loan of $3.07M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Tradition Management, LLC's total 2019 payroll expenses were approximately $14.74M in order to qualify for the PPP loan amount received.

Based on their reported 480 jobs retained, this equals an estimated average yearly compensation of $30,711 per employee1.

Because the loan received by Tradition Management, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Tradition Management, LLC in Dallas, TX

Tradition Management, LLC
5850 E. Lovers Ln.
Dallas, TX 75206

Business Industry

Continuing Care Retirement Communities (NAICS code 623311)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-32

Similar Companies near Dallas

In the Dallas area, 4 businesses in the "Continuing Care Retirement Communities" industry received a PPP loan. These local businesses reported an average of 130 employees (compared to this company's 480) and received an average PPP loan of $947,250 (compared to this company's $3.07M).

Industry PPP Comparison Statistics

Nationwide, 2,172 businesses in the "Continuing Care Retirement Communities" industry received a total of $1,251,764,538.00 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 69 employees, 86% lower than Tradition Management, LLC's reported 480 employees, and received an average PPP loan of $576,319, 81% lower than this company's loan of $3.07M.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/tradition-management-llc-dallas-tx