PPP Loan Data — Trilogy Plastics, Inc, Alliance, OH
Trilogy Plastics, Inc is a subchapter s corporation located at 2290 W Main Street 0.0 in Alliance, Ohio that received a Coronavirus-related PPP loan from the SBA of $1,625,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Trilogy Plastics, Inc in Alliance, OH received a Paycheck Protection Loan of $1.63M through JPMorgan Chase Bank, National Association, which was approved in April, 2020.
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, Trilogy Plastics, Inc's 2019 payroll expenses are estimated to be at least $7.8M.
Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $35,455 per employee1
Reported PPP Proceed Usage:
On the PPP application, Trilogy Plastics, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,275,000
- Utilities: $100,000
- Mortgage Interest: $134,000
- Health Care: $116,000
Business Information - Trilogy Plastics, Inc in Alliance, OH
2290 W Main Street 0.0
Alliance, OH 44601
Other Industrial Machinery Manufacturing
NAICS code 333249
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Alliance
In the Alliance area, 2 businesses in the "Other Industrial Machinery Manufacturing" industry received a PPP loan. These local businesses reported an average of 111 employees (compared to this company's 220) and received an average PPP loan of $817,650 (compared to this company's $1.63M).
Similar Nearby Businesses Who Received PPP Funding:
Davis Technologies, Inc
Industry PPP Comparison Statistics
Nationwide, 3,568 businesses in the "Other Industrial Machinery Manufacturing" industry received a total of $984.26M 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 22 employees, 90% lower than Trilogy Plastics, Inc's reported 220 employees, and received an average PPP loan of $275,857, 83% lower than this company's loan of $1.63M.
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Footnotes & Information
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