PPP Loan Data — Trigreen Equipment, LLC, Athens, AL
Trigreen Equipment, LLC
Entity: Limited Liability Company (LLC)
Location: Athens, ALTweet This • Search All PPP Data
Trigreen Equipment, LLC is a limited liability company (LLC) located at 1776 Trigreen Dr in Athens, Alabama that received a Coronavirus-related PPP loan from the SBA of $5,237,453.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Southern Bank
Trigreen Equipment, LLC in Athens, AL received a Paycheck Protection Loan of $5.24M through First Southern Bank, 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 July, 2021.
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, Trigreen Equipment, LLC's 2019 payroll expenses are estimated to be at least $25.14M.
Based on their reported 425 jobs retained, this equals an estimated average yearly compensation of $59,152 per employee1
Reported PPP Proceed Usage:
On the PPP application, Trigreen Equipment, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,928,090
- Health Care: $1,309,363
Business Information - Trigreen Equipment, LLC in Athens, AL
1776 Trigreen Dr
Athens, AL 35611
Farm and Garden Machinery and Equipment Merchant Wholesalers
NAICS code 423820
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Athens
In the Athens area, 2 businesses in the "Farm and Garden Machinery and Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 215 employees (compared to this company's 425) and received an average PPP loan of $2,629,242 (compared to this company's $5.24M).
Similar Nearby Businesses Who Received PPP Funding:
Peek Equipment Inc
Industry PPP Comparison Statistics
Nationwide, 3,185 businesses in the "Farm and Garden Machinery and Equipment Merchant Wholesalers" industry received a total of $637.77M 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 17 employees, 96% lower than Trigreen Equipment, LLC's reported 425 employees, and received an average PPP loan of $200,241, 96% lower than this company's loan of $5.24M.
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Footnotes & Information
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