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PPP Loan Data — Trio Electric LLC,
Houston, TX
Trio Electric LLC
Entity: Limited Liability Company (LLC)
Industry: Electrical Contractors and Other Wiring Installation Contractors
Location: Houston, TX
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Trio Electric LLC is a limited liability company (LLC) located at 11413 Todd St in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $5,111,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
450Loan Approved:
2020-04-12Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONTrio Electric LLC in Houston, TX received a Paycheck Protection Loan of $5.11M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Trio Electric LLC's total 2019 payroll expenses were approximately $24.53M in order to qualify for the PPP loan amount received.
Based on their reported 450 jobs retained, this equals an estimated average yearly compensation of $54,517 per employee1.
Business Information - Trio Electric LLC in Houston, TX
11413 Todd St
Houston, TX 77055
Business Industry
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-02Similar Companies near Houston
In the Houston area, 13 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 450) and received an average PPP loan of $513,932 (compared to this company's $5.11M).
Similar Nearby Businesses Who Received PPP Funding:
S&J Electric, LLC
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Telmart LP
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1ST Source Mms
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Regency Telecommunications Corporation
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MWM Electric, LLC
Houston, TX
Houston Custom Installers Inc.
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Excess Electrical Partnership LTD
Houston, TX
JR Illuminations Investment Group, LLC
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Houston Empire Electric Co Inc
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Industry PPP Comparison Statistics
Nationwide, 44,489 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $8,060,101,877.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 97% lower than Trio Electric LLC's reported 450 employees, and received an average PPP loan of $181,171, 96% lower than this company's loan of $5.11M.
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.
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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