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PPP Loan Data — Tricolor Auto Group LLC,
Dallas, TX
Tricolor Auto Group LLC
Entity: Limited Liability Company (LLC)
Industry: New Car Dealers
Location: Dallas, TX
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Tricolor Auto Group LLC is a limited liability company (LLC) located at 1111 W Mockingbird Ln Ste 1500 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $3,605,500.00 in April, 2020.
The company has reported itself as an Asian male owned business, and employed at least 306 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
306Loan Approved:
2020-04-06Lender:
ORIGIN BANKTricolor Auto Group LLC received a Paycheck Protection Loan of $3.61M through ORIGIN BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Tricolor Auto Group LLC's total 2019 payroll expenses were approximately $17.31M in order to qualify for the PPP loan amount received.
Based on their reported 306 jobs retained, this equals an estimated average yearly compensation of $56,557 per employee1.
Business Information - Tricolor Auto Group LLC in Dallas, TX
1111 W Mockingbird Ln Ste 1500
Dallas, TX 75247
Business Industry
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: ASIAN
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: TX-30Industry PPP Comparison Statistics
Nationwide, 16,570 businesses in the "New Car Dealers" industry received a total of $10,869,996,969.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 47 employees, 85% lower than Tricolor Auto Group LLC's reported 306 employees, and received an average PPP loan of $656,005, 82% lower than this company's loan of $3.61M.
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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