PPP Loan Data — Green View Building & Design Company, Inc, Cornwall, CT
Green View Building & Design Company, Inc is a corporation located at 20 Everest Hill Rd Po Box 98 in Cornwall, Connecticut that received a Coronavirus-related PPP loan from the SBA of $45,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Northwest Community Bank
Green View Building & Design Company, Inc in Cornwall, CT received a Paycheck Protection Loan of $45,900 through Northwest Community Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in November, 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, Green View Building & Design Company, Inc's 2019 payroll expenses are estimated to be at least $220,320.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,720 per employee1
Reported PPP Proceed Usage:
On the PPP application, Green View Building & Design Company, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,900
Business Information - Green View Building & Design Company, Inc in Cornwall, CT
20 Everest Hill Rd Po Box 98
Cornwall, CT 6753
Finish Carpentry Contractors
NAICS code 238350
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Cornwall
In the Cornwall area, 3 businesses in the "Finish Carpentry Contractors" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 6) and received an average PPP loan of $23,707 (compared to this company's $45,900).
Similar Nearby Businesses Who Received PPP Funding:
Wayne Works LLC
Industry PPP Comparison Statistics
Nationwide, 28,703 businesses in the "Finish Carpentry Contractors" industry received a total of $1.11B 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 4 employees, 33% lower than Green View Building & Design Company, Inc's reported 6 employees, and received an average PPP loan of $38,555, 16% lower than this company's loan of $45,900.
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Footnotes & Information
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