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

PPP Loan Data — |, Hartford, CT

ALERT: There are 3 PPP loans for a total of $1.27M in our database for businesses with the name "|" in Hartford, CT. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for |
CT

|

Entity: Limited Liability Company (LLC)

Industry: Home Centers

Location: Hartford, CT

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| is a limited liability company (LLC) located at 275 in Hartford, Connecticut that received a Coronavirus-related PPP loan from the SBA of $112,500.00 in March, 2021.

$ PPP Loan Information
Loan #6884438504

Loan Size:

$112,500

Jobs Retained:

15

Loan Approved:

2021-03-04

Loan Status:

Ongoing Loan

Lender:

KeyBank National Association

| in Hartford, CT received a Paycheck Protection Loan of $112,500 through KeyBank National Association, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, |'s 2019 payroll expenses are estimated to be at least $540,000.

Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $36,000 per employee1

Reported PPP Proceed Usage:

On the PPP application, | reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $112,498
  • Utilities: $1

Business Information - | in Hartford, CT

|
275
Hartford, CT 6120

Business Industry:
Home Centers
NAICS code 444110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Hartford County, CT — SBA Office 0156 — Congressional District: CT-01

Similar Companies near Hartford

In the Hartford area, 4 businesses in the "Home Centers" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 15) and received an average PPP loan of $573,470 (compared to this company's $112,500).

Industry PPP Comparison Statistics

Nationwide, 3,106 businesses in the "Home Centers" industry received a total of $434.11M 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 15 employees, the same amount reported by | and received an average PPP loan of $139,766, 24% higher than this company's loan of $112,500.

SBA PPP loan data, payroll data, and salaries for |
CT

|

Entity: Subchapter S Corporation

Industry: Painting and Wall Covering Contractors

Location: Hartford, CT

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| is a subchapter s corporation located at 59 Webster St Apt C1 in Hartford, Connecticut that received a Coronavirus-related PPP loan from the SBA of $12,323.00 in March, 2021.

$ PPP Loan Information
Loan #6352028509

Loan Size:

$12,323

Jobs Retained:

3

Loan Approved:

2021-03-03

Loan Status:

Ongoing Loan

Lender:

KeyBank National Association

| in Hartford, CT received a Paycheck Protection Loan of $12,323 through KeyBank National Association, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, |'s 2019 payroll expenses are estimated to be at least $59,150.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $19,717 per employee1

Reported PPP Proceed Usage:

On the PPP application, | reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $12,318
  • Utilities: $1

Business Information - | in Hartford, CT

|
59 Webster St Apt C1
Hartford, CT 6114

Business Industry:
Painting and Wall Covering Contractors
NAICS code 238320

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Hartford County, CT — SBA Office 0156 — Congressional District: CT-01

Similar Companies near Hartford

In the Hartford area, 3 businesses in the "Painting and Wall Covering Contractors" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $10,421 (compared to this company's $12,323).

Industry PPP Comparison Statistics

Nationwide, 49,262 businesses in the "Painting and Wall Covering Contractors" industry received a total of $2.44B 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 5 employees, 67% higher than |'s reported 3 employees, and received an average PPP loan of $49,448, 301% higher than this company's loan of $12,323.

SBA PPP loan data, payroll data, and salaries for |
CT

|

Entity: Subchapter S Corporation

Industry: Plumbing, Heating, and Air-Conditioning Contractors

Location: Hartford, CT

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| is a subchapter s corporation located at 41 Walnut St in Hartford, Connecticut that received a Coronavirus-related PPP loan from the SBA of $1,141,867.00 in February, 2021.

$ PPP Loan Information
Loan #3878608507

Loan Size:

$1.14M

Jobs Retained:

66

Loan Approved:

2021-02-24

Loan Status:

Ongoing Loan

Lender:

KeyBank National Association

| in Hartford, CT received a Paycheck Protection Loan of $1.14M through KeyBank National Association, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, |'s 2019 payroll expenses are estimated to be at least $5.48M.

Based on their reported 66 jobs retained, this equals an estimated average yearly compensation of $83,045 per employee1

Reported PPP Proceed Usage:

On the PPP application, | reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,141,865
  • Utilities: $1

Business Information - | in Hartford, CT

|
41 Walnut St
Hartford, CT 6120

Business Industry:
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Hartford County, CT — SBA Office 0156 — Congressional District: CT-01

Similar Companies near Hartford

In the Hartford area, 4 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 66) and received an average PPP loan of $540,539 (compared to this company's $1.14M).

Industry PPP Comparison Statistics

Nationwide, 103,883 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $13.03B 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, 85% lower than |'s reported 66 employees, and received an average PPP loan of $125,397, 89% lower than this company's loan of $1.14M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/hartford-ct