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PPP Loan Data — TRG Management Company LLP,
Miami, FL
TRG Management Company LLP
Entity: Partnership
Industry: Other Activities Related to Real Estate
Location: Miami, FL
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TRG Management Company LLP is a partnership located at 315 S Biscayne Blvd in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $3,989,300.00 in April, 2020.
$
PPP Loan Information
Loan #5382167004
Loan Size:
Jobs Retained:
403Loan Approved:
2020-04-05Loan Status:
Ongoing LoanLender:
City National Bank of FloridaTRG Management Company LLP in Miami, FL received a Paycheck Protection Loan of $3.99M through City National Bank of Florida, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, TRG Management Company LLP's 2019 payroll expenses are estimated to be at least $19.15M.
Based on their reported 403 jobs retained, this equals an estimated average yearly compensation of $47,515 per employee1
Reported PPP Proceed Usage:
On the PPP application, TRG Management Company LLP reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,991,975
- Utilities: $997,325
Business Information - TRG Management Company LLP in Miami, FL
315 S Biscayne Blvd
Miami, FL 33131
Business Industry:
Other Activities Related to Real Estate
NAICS code 531390
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Miami
In the Miami area, 191 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 403) and received an average PPP loan of $105,123 (compared to this company's $3.99M).
Similar Nearby Businesses Who Received PPP Funding:
Deco Capital LLC
Miami, FL
Union A&B International Realty, LLC
Miami, FL
PJW One, LLC
Miami, FL
Beycome LLC
Miami, FL
Katherine P Sanchez Ciprian
Miami, FL
Banyan Street Advisors LLC
Miami, FL
Hakim Ben Salem
Miami, FL
HF Management USA LLC
Miami, FL
Patrcia Goncalves
Miami, FL
Industry PPP Comparison Statistics
Nationwide, 77,402 businesses in the "Other Activities Related to Real Estate" industry received a total of $3.64B 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 4 employees, 99% lower than TRG Management Company LLP's reported 403 employees, and received an average PPP loan of $47,089, 99% lower than this company's loan of $3.99M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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