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PPP Loan Data — TRG Management Company LLP, Miami, FL

SBA PPP loan data, payroll data, and salaries for TRG Management Company LLP
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 Size:

$3.99M

Jobs Retained:

403

Loan Approved:

2020-04-05

Lender:

CITY NATIONAL BANK OF FLORIDA

TRG Management Company LLP received a Paycheck Protection Loan of $3.99M through CITY NATIONAL BANK OF FLORIDA, which was approved in April, 2020.

Based on standard PPP eligibility rules, TRG Management Company LLP's total 2019 payroll expenses were approximately $19.15M in order to qualify for the PPP loan amount received.

Based on their reported 403 jobs retained, this equals an estimated average yearly compensation of $47,515 per employee1.

Because the loan received by TRG Management Company LLP 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 - TRG Management Company LLP in Miami, FL

TRG Management Company LLP
315 S Biscayne Blvd
Miami, FL 33131

Business Industry

Other Activities Related to Real Estate (NAICS code 531390)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-27

Similar Companies near Miami

In the Miami area, 100 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 403) and received an average PPP loan of $135,861 (compared to this company's $3.99M).

Industry PPP Comparison Statistics

Nationwide, 36,088 businesses in the "Other Activities Related to Real Estate" industry received a total of $2,270,983,687.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 99% lower than TRG Management Company LLP's reported 403 employees, and received an average PPP loan of $62,929, 98% 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.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/trg-management-company-llp-miami-fl