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PPP Loan Data — Tribridge Residential LLC,
Atlanta, GA
Tribridge Residential LLC
Entity: Limited Liability Company (LLC)
Industry: Other Activities Related to Real Estate
Location: Atlanta, GA
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Tribridge Residential LLC is a limited liability company (LLC) located at 100 Peachtree St Nw Ste 1400 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,954,566.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
175Loan Approved:
2020-04-09Lender:
TRUIST BANK D/B/A BRANCH BANKING & TRUST COTribridge Residential LLC received a Paycheck Protection Loan of $2.95M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Tribridge Residential LLC's total 2019 payroll expenses were approximately $14.18M in order to qualify for the PPP loan amount received.
Based on their reported 175 jobs retained, this equals an estimated average yearly compensation of $81,040 per employee1.
Business Information - Tribridge Residential LLC in Atlanta, GA
100 Peachtree St Nw Ste 1400
Atlanta, GA 30303
Business Industry
Other Activities Related to Real Estate (NAICS code 531390)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: GA-05Similar Companies near Atlanta
In the Atlanta area, 4 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 76 employees (compared to this company's 175) and received an average PPP loan of $1,299,343 (compared to this company's $2.95M).
Similar Nearby Businesses Who Received PPP Funding:
Portman Holdings, LLC
Atlanta, GA
Madison Bloomberg Capital Ventures LLC
Atlanta, GA
The Integral Group LLC
Atlanta, GA
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, 97% lower than Tribridge Residential LLC's reported 175 employees, and received an average PPP loan of $62,929, 98% lower than this company's loan of $2.95M.
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.
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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