PPP Loan Data — Tricolor Auto Group LLC, Dallas, TX
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
Tricolor 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
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: ASIAN
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: TX-30
Industry 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.
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Footnotes & Information
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