PPP Loan Data — Tri-B Industries, Hackettstown, NJ
Tri-B Industries is a limited liability company (LLC) located at 1500 County Road 517 in Hackettstown, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,220,425.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
Tri-B Industries in Hackettstown, NJ received a Paycheck Protection Loan of $2.22M through TD Bank, National Association, which was approved in April, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 107. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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, Tri-B Industries' 2019 payroll expenses are estimated to be at least $10.66M (not accounting for salary amounts > $100k).
Because the 2 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Tri-B Industries reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,220,425
Business Information - Tri-B Industries in Hackettstown, NJ
1500 County Road 517
Hackettstown, NJ 7840
NAICS code 561720
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Hackettstown
In the Hackettstown area, 8 businesses in the "Janitorial Services" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 2) and received an average PPP loan of $422,229 (compared to this company's $2.22M).
Similar Nearby Businesses Who Received PPP Funding:
Black Lab Inc
Today And Tomorrow Janitorial Services
Modern Sanitation Systems, Inc
Able Tek LLC
Clutter Management LLC
Industry PPP Comparison Statistics
Nationwide, 146,067 businesses in the "Janitorial Services" industry received a total of $4.43B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 150% higher than Tri-B Industries' reported 2 employees, and received an average PPP loan of $30,311, 99% lower than this company's loan of $2.22M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!