PPP Loan Data — Cherry Hill Glass Co., Inc., Branford, CT
Cherry Hill Glass Co., Inc. is a partnership located at 20 Elm St in Branford, Connecticut that received a Coronavirus-related PPP loan from the SBA of $3,087,500.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 168 people during the applicable loan loan period.
$ PPP Loan Information
Lender:NBT BANK, NATIONAL ASSOCIATION
Cherry Hill Glass Co., Inc. in Branford, CT received a Paycheck Protection Loan of $3.09M through NBT BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Cherry Hill Glass Co., Inc.'s total 2019 payroll expenses were approximately $14.82M in order to qualify for the PPP loan amount received.
Based on their reported 168 jobs retained, this equals an estimated average yearly compensation of $88,214 per employee1.
Business Information - Cherry Hill Glass Co., Inc. in Branford, CT
20 Elm St
Branford, CT 6405
Glass and Glazing Contractors (NAICS code 238150)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: CT-03
Similar Companies near Branford
In the Branford area, 3 businesses in the "Glass and Glazing Contractors" industry received a PPP loan. These local businesses reported an average of 110 employees (compared to this company's 168) and received an average PPP loan of $3,908,143 (compared to this company's $3.09M).
Similar Nearby Businesses Who Received PPP Funding:
Massey's Plate Glass & Aluminum, Inc.
GPC Solar Control Window Tinting LLC
Industry PPP Comparison Statistics
Nationwide, 4,243 businesses in the "Glass and Glazing Contractors" industry received a total of $685,715,074.00 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 11 employees, 93% lower than Cherry Hill Glass Co., Inc.'s reported 168 employees, and received an average PPP loan of $161,611, 95% lower than this company's loan of $3.09M.
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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