PPP Loan Data — Trekea Mobile, Inc, Saint Paul, MN
Trekea Mobile, Inc
Location: Saint Paul, MNTweet This • Search All PPP Data
Trekea Mobile, Inc is a corporation located at 855 Village Center Drive in Saint Paul, Minnesota that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bremer Bank, National Association
Trekea Mobile, Inc in Saint Paul, MN received a Paycheck Protection Loan of $25,200 through Bremer Bank, National Association, 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 January, 2021.
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, Trekea Mobile, Inc's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, Trekea Mobile, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Trekea Mobile, Inc in Saint Paul, MN
855 Village Center Drive
Saint Paul, MN 55127
Internet Publishing and Broadcasting and Web Search Portals
NAICS code 519130
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Saint Paul
In the Saint Paul area, 3 businesses in the "Internet Publishing and Broadcasting and Web Search Portals" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 2) and received an average PPP loan of $355,167 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Optimize Social Media Inc
Saint Paul, MN
Industry PPP Comparison Statistics
Nationwide, 7,527 businesses in the "Internet Publishing and Broadcasting and Web Search Portals" industry received a total of $587.04M 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 6 employees, 200% higher than Trekea Mobile, Inc's reported 2 employees, and received an average PPP loan of $77,991, 209% higher than this company's loan of $25,200.
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