PPP Loan Data — Trio Electric LLC, Houston, TX
Trio Electric LLC
Entity: Limited Liability Company (LLC)
Location: Houston, TXTweet This • Search All PPP Data
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
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.
Business Information - Trio Electric LLC in Houston, TX
11413 Todd St
Houston, TX 77055
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
S&J Electric, LLC
1ST Source Mms
Regency Telecommunications Corporation
MWM Electric, LLC
Houston Custom Installers Inc.
Excess Electrical Partnership LTD
JR Illuminations Investment Group, LLC
Houston Empire Electric Co Inc
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
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!