PPP Loan Data — Trugon LLC, Albuquerque, NM
Trugon LLC is a limited liability company (LLC) located at 1440 Gibson Se in Albuquerque, New Mexico that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in June, 2020.
The company has reported itself as a male owned business, and employed at least thirteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Trugon LLC in Albuquerque, NM received a Paycheck Protection Loan of $25,100 through DreamSpring, which was approved in June, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Trugon LLC's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $9,268 per employee1
Reported PPP Proceed Usage:
On the PPP application, Trugon LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - Trugon LLC in Albuquerque, NM
1440 Gibson Se
Albuquerque, NM 87102
NAICS code 722513
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Albuquerque
In the Albuquerque area, 26 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 13) and received an average PPP loan of $59,489 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Friends Coffee & Sandwich Shop Inc
Secret Ingredients, Inc
The Alvarez Group LLC
AL's Big Dipper
Slow Roasted Bocadillos Corporation
Oscar And Bruce Inc
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B 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 21 employees, 62% higher than Trugon LLC's reported 13 employees, and received an average PPP loan of $100,980, 302% higher than this company's loan of $25,100.
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Footnotes & Information
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