Traina Enterprises Inc. in Kennesaw, GA - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Traina Enterprises Inc., Kennesaw, GA

Traina Enterprises Inc.

Entity: Corporation

Industry: Theater Companies and Dinner Theaters

Location: Kennesaw, GA

Traina Enterprises Inc. is a corporation located at 1989 Cobb Pkwy N, in Kennesaw, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,624,600.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.62M

Jobs Retained:

305

Loan Approved:

2020-04-14

Lender:

REGIONS BANK

Traina Enterprises Inc. in Kennesaw, GA received a Paycheck Protection Loan of $2.62M through REGIONS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Traina Enterprises Inc.'s total 2019 payroll expenses were approximately $12.6M in order to qualify for the PPP loan amount received.

Based on their reported 305 jobs retained, this equals an estimated average yearly compensation of $41,305 per employee¹.

Because the loan received by Traina Enterprises Inc. 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 - Traina Enterprises Inc. in Kennesaw, GA

Traina Enterprises Inc.
1989 Cobb Pkwy N,
Kennesaw, GA 30152

Business Industry

Theater Companies and Dinner Theaters (NAICS code 711110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: GA-11

Industry PPP Comparison Statistics

Nationwide, 4,100 businesses in the "Theater Companies and Dinner Theaters" industry received a total of $414,044,745.00 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, 95% lower than Traina Enterprises Inc.'s reported 305 employees, and received an average PPP loan of $100,987, 96% lower than this company's loan of $2.62M.

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, 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.

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