PPP Loan Data — Triangle Rubber Company, LLC, Goshen, IN
Triangle Rubber Company, LLC is a limited liability company (LLC) located at 1924 Elkhart Road in Goshen, Indiana that received a Coronavirus-related PPP loan from the SBA of $2,498,625.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Triangle Rubber Company, LLC received a Paycheck Protection Loan of $2.5M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Triangle Rubber Company, LLC's total 2019 payroll expenses were approximately $11.99M in order to qualify for the PPP loan amount received.
Based on their reported 132 jobs retained, this equals an estimated average yearly compensation of $90,859 per employee1.
Business Information - Triangle Rubber Company, LLC in Goshen, IN
1924 Elkhart Road
Goshen, IN 46526
Rubber Product Manufacturing for Mechanical Use (NAICS code 326291)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IN-02
Similar Companies near Goshen
In the Goshen area, 2 businesses in the "Rubber Product Manufacturing for Mechanical Use" industry received a PPP loan. These local businesses reported an average of 80 employees (compared to this company's 132) and received an average PPP loan of $1,365,263 (compared to this company's $2.5M).
Similar Nearby Businesses Who Received PPP Funding:
T & M Rubber Inc.
Industry PPP Comparison Statistics
Nationwide, 177 businesses in the "Rubber Product Manufacturing for Mechanical Use" industry received a total of $97,714,291.00 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 45 employees, 66% lower than Triangle Rubber Company, LLC's reported 132 employees, and received an average PPP loan of $552,058, 78% lower than this company's loan of $2.5M.
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Footnotes & Information
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