PPP Loan Data — Tresco Inc, Las Cruces, NM
Entity: Non-profit Organization
Location: Las Cruces, NMTweet This • Search All PPP Data
Tresco Inc is a non-profit organization located at 1800 Copper Loop in Las Cruces, New Mexico that received a Coronavirus-related PPP loan from the SBA of $2,949,300.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST AMERICAN BANK
Tresco Inc in Las Cruces, NM received a Paycheck Protection Loan of $2.95M through FIRST AMERICAN BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Tresco Inc's total 2019 payroll expenses were approximately $14.16M in order to qualify for the PPP loan amount received.
Based on their reported 408 jobs retained, this equals an estimated average yearly compensation of $34,698 per employee1.
Business Information - Tresco Inc in Las Cruces, NM
1800 Copper Loop
Las Cruces, NM 88001
Services for the Elderly and Persons with Disabilities (NAICS code 624120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NM-02
Similar Companies near Las Cruces
In the Las Cruces area, 3 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a PPP loan. These local businesses reported an average of 162 employees (compared to this company's 408) and received an average PPP loan of $1,050,820 (compared to this company's $2.95M).
Similar Nearby Businesses Who Received PPP Funding:
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Industry PPP Comparison Statistics
Nationwide, 7,046 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a total of $1,535,554,395.00 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 32 employees, 92% lower than Tresco Inc's reported 408 employees, and received an average PPP loan of $217,933, 93% lower than this company's loan of $2.95M.
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