PPP Loan Data — Tri-State Vacuum And Rental, LLC, Joaquin, TX
Tri-State Vacuum And Rental, LLC
Entity: Limited Liability Company (LLC)
Location: Joaquin, TXTweet This • Search All PPP Data
Tri-State Vacuum And Rental, LLC is a limited liability company (LLC) located at 12267 Us Highway 84 in Joaquin, Texas that received a Coronavirus-related PPP loan from the SBA of $1,773,300.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 172 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Commercial Bank of Texas, N.A.
Tri-State Vacuum And Rental, LLC in Joaquin, TX received a Paycheck Protection Loan of $1.77M through Commercial Bank of Texas, N.A., 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 December, 2020.
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-State Vacuum And Rental, LLC's 2019 payroll expenses are estimated to be at least $8.51M.
Based on their reported 172 jobs retained, this equals an estimated average yearly compensation of $49,487 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tri-State Vacuum And Rental, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,773,300
Business Information - Tri-State Vacuum And Rental, LLC in Joaquin, TX
12267 Us Highway 84
Joaquin, TX 75954
Specialized Freight (except Used Goods) Trucking, Local
NAICS code 484220
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 30,684 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a total of $2.03B 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, 97% lower than Tri-State Vacuum And Rental, LLC's reported 172 employees, and received an average PPP loan of $66,149, 96% lower than this company's loan of $1.77M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!