PPP Loan Data — I-84 Holdings LLC, Newtown, CT
I-84 Holdings LLC is a corporation located at 8 Bridle Path Trail in Newtown, Connecticut that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Webster Bank, National Association
I-84 Holdings LLC in Newtown, CT received a Paycheck Protection Loan of $25,000 through Webster Bank, National Association, which was approved in April, 2020.
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.
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, I-84 Holdings LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $12,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, I-84 Holdings LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - I-84 Holdings LLC in Newtown, CT
8 Bridle Path Trail
Newtown, CT 6470
NAICS code 443142
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 13,096 businesses in the "Electronics Stores" industry received a total of $848.58M 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 8 employees, 20% lower than I-84 Holdings LLC's reported 10 employees, and received an average PPP loan of $64,797, 159% higher than this company's loan of $25,000.
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Footnotes & Information
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