PPP Loan Data — Hartford Toner & Cartridge Inc, East Windsor, CT
Hartford Toner & Cartridge Inc is a corporation located at 2b Winton Rd in East Windsor, Connecticut that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:People's United Bank, National Association
Hartford Toner & Cartridge Inc in East Windsor, CT received a Paycheck Protection Loan of $25,000 through People's United Bank, National Association, 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 April, 2021.
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, Hartford Toner & Cartridge Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hartford Toner & Cartridge Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Hartford Toner & Cartridge Inc in East Windsor, CT
2b Winton Rd
East Windsor, CT 6088
Commercial Printing (except Screen and Books)
NAICS code 323111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near East Windsor
In the East Windsor area, 2 businesses in the "Commercial Printing (except Screen and Books)" industry received a PPP loan. These local businesses reported an average of 91 employees (compared to this company's 3) and received an average PPP loan of $1,001,499 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Specialty Printing LLC
East Windsor, CT
Industry PPP Comparison Statistics
Nationwide, 23,988 businesses in the "Commercial Printing (except Screen and Books)" industry received a total of $3.07B 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 12 employees, 300% higher than Hartford Toner & Cartridge Inc's reported 3 employees, and received an average PPP loan of $128,160, 413% higher than this company's loan of $25,000.
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Footnotes & Information
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