PPP Loan Data — Eagle Leasing Company, Orange, CT
Eagle Leasing Company
Location: Orange, CTTweet This • Search All PPP Data
Eagle Leasing Company is a corporation located at 1 Irving Eagle Pl in Orange, Connecticut that received a Coronavirus-related PPP loan from the SBA of $2,416,585.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Rockland Trust Company
Eagle Leasing Company in Orange, CT received a Paycheck Protection Loan of $2.42M through Rockland Trust Company, which was approved in April, 2020.
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, Eagle Leasing Company's 2019 payroll expenses are estimated to be at least $11.6M.
Based on their reported 137 jobs retained, this equals an estimated average yearly compensation of $84,669 per employee1
Reported PPP Proceed Usage:
On the PPP application, Eagle Leasing Company reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,416,585
Business Information - Eagle Leasing Company in Orange, CT
1 Irving Eagle Pl
Orange, CT 6477
Lessors of Nonresidential Buildings (except Miniwarehouses)
NAICS code 531120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Orange
In the Orange area, 2 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a PPP loan. These local businesses reported an average of 81 employees (compared to this company's 137) and received an average PPP loan of $1,268,402 (compared to this company's $2.42M).
Similar Nearby Businesses Who Received PPP Funding:
Holly Hill Child Development And Learning Center
Industry PPP Comparison Statistics
Nationwide, 19,255 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a total of $1.72B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 10 employees, 93% lower than Eagle Leasing Company's reported 137 employees, and received an average PPP loan of $89,367, 96% lower than this company's loan of $2.42M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!