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PPP Loan Data — Tristar Risk Enterprise Management,
Long Beach, CA
Tristar Risk Enterprise Management
Entity: Corporation
Industry: Third Party Administration of Insurance and Pension Funds
Location: Long Beach, CA
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Tristar Risk Enterprise Management is a corporation located at 100 Oceangate Suite 700 in Long Beach, California that received a Coronavirus-related PPP loan from the SBA of $2,617,978.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
184Loan Approved:
2020-04-28Lender:
IDAHO FIRST BANKTristar Risk Enterprise Management received a Paycheck Protection Loan of $2.62M through IDAHO FIRST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Tristar Risk Enterprise Management's total 2019 payroll expenses were approximately $12.57M in order to qualify for the PPP loan amount received.
Based on their reported 184 jobs retained, this equals an estimated average yearly compensation of $68,295 per employee1.
Business Information - Tristar Risk Enterprise Management in Long Beach, CA
100 Oceangate Suite 700
Long Beach, CA 90802
Business Industry
Third Party Administration of Insurance and Pension Funds (NAICS code 524292)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-47Similar Companies near Long Beach
In the Long Beach area, 4 businesses in the "Third Party Administration of Insurance and Pension Funds" industry received a PPP loan. These local businesses reported an average of 168 employees (compared to this company's 184) and received an average PPP loan of $2,745,642 (compared to this company's $2.62M).
Similar Nearby Businesses Who Received PPP Funding:
Tristar Associates Inc.
Long Beach, CA
Tristar Risk Management
Long Beach, CA
Tristar Managed Care Inc
Long Beach, CA
Industry PPP Comparison Statistics
Nationwide, 871 businesses in the "Third Party Administration of Insurance and Pension Funds" industry received a total of $249,450,055.00 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 19 employees, 90% lower than Tristar Risk Enterprise Management's reported 184 employees, and received an average PPP loan of $286,395, 89% lower than this company's loan of $2.62M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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