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PPP Loan Data — Trio Electric LLC, Houston, TX

SBA PPP loan data, payroll data, and salaries for Trio Electric LLC
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:

$5.11M

Jobs Retained:

450

Loan Approved:

2020-04-12

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Trio 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.

Because the loan received by Trio Electric 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 - Trio Electric LLC in Houston, TX

Trio Electric LLC
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-02

Similar 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).

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.

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/trio-electric-llc-houston-tx