PPP Loan Data — City Line Distributors, Inc, West Haven, CT
City Line Distributors, Inc
Location: West Haven, CTTweet This • Search All PPP Data
City Line Distributors, Inc is a corporation located at 20 Industry Dr in West Haven, Connecticut that received a Coronavirus-related PPP loan from the SBA of $3,156,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 240 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FAIRFIELD COUNTY BANK
City Line Distributors, Inc received a Paycheck Protection Loan of $3.16M through FAIRFIELD COUNTY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, City Line Distributors, Inc's total 2019 payroll expenses were approximately $15.15M in order to qualify for the PPP loan amount received.
Based on their reported 240 jobs retained, this equals an estimated average yearly compensation of $63,120 per employee1.
Business Information - City Line Distributors, Inc in West Haven, CT
20 Industry Dr
West Haven, CT 6516
Other Miscellaneous Durable Goods Merchant Wholesalers (NAICS code 423990)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: CT-03
Similar Companies near West Haven
In the West Haven area, 3 businesses in the "Other Miscellaneous Durable Goods Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 83 employees (compared to this company's 240) and received an average PPP loan of $1,068,298 (compared to this company's $3.16M).
Similar Nearby Businesses Who Received PPP Funding:
Sign Design And Banner
DBH Group Online LLC
Industry PPP Comparison Statistics
Nationwide, 12,909 businesses in the "Other Miscellaneous Durable Goods Merchant Wholesalers" industry received a total of $1,253,322,545.00 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, 97% lower than City Line Distributors, Inc's reported 240 employees, and received an average PPP loan of $97,089, 97% lower than this company's loan of $3.16M.
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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