PPP Loan Data — Engineering Services And Products Company, South Windsor, CT
Engineering Services And Products Company
Location: South Windsor, CTTweet This • Search All PPP Data
Engineering Services And Products Company is a corporation located at 1395 John Fitch Blvd in South Windsor, Connecticut that received a Coronavirus-related PPP loan from the SBA of $4,375,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 297 people during the applicable loan loan period.
$ PPP Loan Information
Lender:TD BANK, NATIONAL ASSOCIATION
Engineering Services And Products Company in South Windsor, CT received a Paycheck Protection Loan of $4.38M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Engineering Services And Products Company's total 2019 payroll expenses were approximately $21M in order to qualify for the PPP loan amount received.
Based on their reported 297 jobs retained, this equals an estimated average yearly compensation of $70,707 per employee1.
Business Information - Engineering Services And Products Company in South Windsor, CT
1395 John Fitch Blvd
South Windsor, CT 6074
Farm and Garden Machinery and Equipment Merchant Wholesalers (NAICS code 423820)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: CT-01
Similar Companies near South Windsor
In the South Windsor area, 2 businesses in the "Farm and Garden Machinery and Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 149 employees (compared to this company's 297) and received an average PPP loan of $2,462,500 (compared to this company's $4.38M).
Similar Nearby Businesses Who Received PPP Funding:
Clearspan Fabric Structures International, Inc.
South Windsor, CT
Industry PPP Comparison Statistics
Nationwide, 2,270 businesses in the "Farm and Garden Machinery and Equipment Merchant Wholesalers" industry received a total of $573,983,487.00 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 19 employees, 94% lower than Engineering Services And Products Company's reported 297 employees, and received an average PPP loan of $252,856, 94% lower than this company's loan of $4.38M.
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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