PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Fosdick Fulfillment Corporation, Wallingford, CT

SBA PPP loan data, payroll data, and salaries for Fosdick Fulfillment Corporation
CT

Fosdick Fulfillment Corporation

Entity: Corporation

Industry: Other Direct Selling Establishments

Location: Wallingford, CT

Search All PPP Data

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

Loan Size:

$2.75M

Jobs Retained:

285

Loan Approved:

2020-05-01

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.

Because the loan received by Fosdick Fulfillment Corporation is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Fosdick Fulfillment Corporation in Wallingford, CT

Fosdick Fulfillment Corporation
26 Barnes Industrial Rd N
Wallingford, CT 6492

Business Industry

Other Direct Selling Establishments (NAICS code 454390)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/fosdick-fulfillment-corporation-wallingford-ct