PPP Loan Data — Catic Financial, Inc., Rocky Hill, CT
Catic Financial, Inc. is a corporation located at 101 Corporate Place in Rocky Hill, Connecticut that received a Coronavirus-related PPP loan from the SBA of $3,637,707.00 in April, 2020.
$ PPP Loan Information
Catic Financial, Inc. in Rocky Hill, CT received a Paycheck Protection Loan of $3.64M through CUSTOMERS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Catic Financial, Inc.'s total 2019 payroll expenses were approximately $17.46M 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 $94,897 per employee1.
Business Information - Catic Financial, Inc. in Rocky Hill, CT
101 Corporate Place
Rocky Hill, CT 6067
Title Abstract and Settlement Offices (NAICS code 541191)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CT-01
Industry PPP Comparison Statistics
Nationwide, 4,290 businesses in the "Title Abstract and Settlement Offices" industry received a total of $440,133,288.00 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 8 employees, 96% lower than Catic Financial, Inc.'s reported 184 employees, and received an average PPP loan of $102,595, 97% lower than this company's loan of $3.64M.
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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