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PPP Loan Data — Trinity Property Management, LLC, Fort Smith, AR

SBA PPP loan data, payroll data, and salaries for Trinity Property Management, LLC
AR

Trinity Property Management, LLC

Entity: Limited Liability Company (LLC)

Industry: Nonresidential Property Managers

Location: Fort Smith, AR

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Trinity Property Management, LLC is a limited liability company (LLC) located at 6515 South Zero St in Fort Smith, Arkansas that received a Coronavirus-related PPP loan from the SBA of $3,307,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.31M

Jobs Retained:

320

Loan Approved:

2020-04-06

Lender:

SIMMONS BANK

Trinity Property Management, LLC in Fort Smith, AR received a Paycheck Protection Loan of $3.31M through SIMMONS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Trinity Property Management, LLC's total 2019 payroll expenses were approximately $15.88M in order to qualify for the PPP loan amount received.

Based on their reported 320 jobs retained, this equals an estimated average yearly compensation of $49,611 per employee1.

Because the loan received by Trinity Property Management, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Trinity Property Management, LLC in Fort Smith, AR

Trinity Property Management, LLC
6515 South Zero St
Fort Smith, AR 72903

Business Industry

Nonresidential Property Managers (NAICS code 531312)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: AR-03

Similar Companies near Fort Smith

In the Fort Smith area, 2 businesses in the "Nonresidential Property Managers" industry received a PPP loan. These local businesses reported an average of 160 employees (compared to this company's 320) and received an average PPP loan of $1,660,800 (compared to this company's $3.31M).

Similar Nearby Businesses Who Received PPP Funding:

Jdsre, Inc.
Fort Smith, AR

$14,200 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 7,563 businesses in the "Nonresidential Property Managers" industry received a total of $894,646,174.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 10 employees, 97% lower than Trinity Property Management, LLC's reported 320 employees, and received an average PPP loan of $118,292, 96% lower than this company's loan of $3.31M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/trinity-property-management-llc-fort-smith-ar