PPP Loan Data — Janazzo Services Corporation, Milldale, CT
Janazzo Services Corporation is a corporation located at 140 Norton St in Milldale, Connecticut that received a Coronavirus-related PPP loan from the SBA of $102,231.00 in May, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Janazzo Services Corporation in Milldale, CT received a Paycheck Protection Loan of $102,231 through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Janazzo Services Corporation's total 2019 payroll expenses were approximately $490,709 in order to qualify for the PPP loan amount received.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $61,339 per employee1.
Business Information - Janazzo Services Corporation in Milldale, CT
140 Norton St
Milldale, CT 6467
All Other Specialty Trade Contractors (NAICS code 238990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CT-01
Similar Companies near Milldale
In the Milldale area, 5 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 8) and received an average PPP loan of $35,196 (compared to this company's $102,231).
Similar Nearby Businesses Who Received PPP Funding:
Gold Coast Property Maintenance LLC
Absolute Garage Doors LLC
Industry PPP Comparison Statistics
Nationwide, 44,474 businesses in the "All Other Specialty Trade Contractors" industry received a total of $5,068,221,395.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 9 employees, 13% higher than Janazzo Services Corporation's reported 8 employees, and received an average PPP loan of $113,959, 11% higher than this company's loan of $102,231.
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, and is published unmodified, as provided by the SBA.
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.
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