PPP Loan Data — Envirocycle, LLC, Bloomfield, CT
Envirocycle, LLC is a limited liability company (LLC) located at 61 Dudley Town Rd in Bloomfield, Connecticut that received a Coronavirus-related PPP loan from the SBA of $24,845.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:People's United Bank, National Association
Envirocycle, LLC in Bloomfield, CT received a Paycheck Protection Loan of $24,845 through People's United Bank, National Association, 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, Envirocycle, LLC's 2019 payroll expenses are estimated to be at least $119,256.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $23,851 per employee1
Reported PPP Proceed Usage:
On the PPP application, Envirocycle, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,845
Business Information - Envirocycle, LLC in Bloomfield, CT
61 Dudley Town Rd
Bloomfield, CT 6002
All Other Miscellaneous Waste Management Services
NAICS code 562998
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,062 businesses in the "All Other Miscellaneous Waste Management Services" industry received a total of $304.52M 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, 100% higher than Envirocycle, LLC's reported 5 employees, and received an average PPP loan of $99,451, 300% higher than this company's loan of $24,845.
FederalPay's PPP Information Policy
Footnotes & Information
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