PPP Loan Data — Trimetrix, Inc, Arlington, VA
Trimetrix, Inc is a corporation located at 2111 Wilson Blvd. Suite 700 in Arlington, Virginia that received a Coronavirus-related PPP loan from the SBA of $1,652,644.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Atlantic Union Bank
Trimetrix, Inc in Arlington, VA received a Paycheck Protection Loan of $1.65M through Atlantic Union Bank, 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, Trimetrix, Inc's 2019 payroll expenses are estimated to be at least $7.93M.
Based on their reported 100 jobs retained, this equals an estimated average yearly compensation of $79,327 per employee1
Reported PPP Proceed Usage:
On the PPP application, Trimetrix, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,652,644
Business Information - Trimetrix, Inc in Arlington, VA
2111 Wilson Blvd. Suite 700
Arlington, VA 22201
Other Computer Related Services
NAICS code 541519
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Arlington
In the Arlington area, 17 businesses in the "Other Computer Related Services" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 100) and received an average PPP loan of $717,744 (compared to this company's $1.65M).
Similar Nearby Businesses Who Received PPP Funding:
Isqon Solutions Inc
Coefficient Technologies LLC
Most Investments, LLC
Deepmile Networks, LLC
SIE Consulting Group
Industry PPP Comparison Statistics
Nationwide, 25,371 businesses in the "Other Computer Related Services" industry received a total of $3.1B 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 8 employees, 92% lower than Trimetrix, Inc's reported 100 employees, and received an average PPP loan of $122,066, 93% lower than this company's loan of $1.65M.
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Footnotes & Information
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