PPP Loan Data — Fosdick Fulfillment Corporation, Wallingford, CT
Fosdick Fulfillment Corporation is a corporation located at 26 Barnes Industrial Rd N in Wallingford, Connecticut that received a Coronavirus-related PPP loan from the SBA of $2,747,378.00 in May, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Fosdick Fulfillment Corporation received a Paycheck Protection Loan of $2.75M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Fosdick Fulfillment Corporation's total 2019 payroll expenses were approximately $13.19M in order to qualify for the PPP loan amount received.
Based on their reported 285 jobs retained, this equals an estimated average yearly compensation of $46,272 per employee1.
Business Information - Fosdick Fulfillment Corporation in Wallingford, CT
26 Barnes Industrial Rd N
Wallingford, CT 6492
Other Direct Selling Establishments (NAICS code 454390)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CT-03
Similar Companies near Wallingford
In the Wallingford area, 6 businesses in the "Other Direct Selling Establishments" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 285) and received an average PPP loan of $493,408 (compared to this company's $2.75M).
Similar Nearby Businesses Who Received PPP Funding:
Abrasive Finishing Industries, LLC
Automatic Door Systems, Inc.
Industry PPP Comparison Statistics
Nationwide, 11,977 businesses in the "Other Direct Selling Establishments" industry received a total of $632,841,121.00 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 5 employees, 98% lower than Fosdick Fulfillment Corporation's reported 285 employees, and received an average PPP loan of $52,838, 98% lower than this company's loan of $2.75M.
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Footnotes & Information
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