PPP Loan Data — Loureiro Engineering Associates, Inc., Plainville, CT
Loureiro Engineering Associates, Inc. is a corporation located at 100 Northwest Drive in Plainville, Connecticut that received a Coronavirus-related PPP loan from the SBA of $3,155,822.00 in April, 2020.
$ PPP Loan Information
Lender:TD BANK, NATIONAL ASSOCIATION
Loureiro Engineering Associates, Inc. in Plainville, CT received a Paycheck Protection Loan of $3.16M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Loureiro Engineering Associates, Inc.'s total 2019 payroll expenses were approximately $15.15M in order to qualify for the PPP loan amount received.
Based on their reported 166 jobs retained, this equals an estimated average yearly compensation of $91,253 per employee1.
Business Information - Loureiro Engineering Associates, Inc. in Plainville, CT
100 Northwest Drive
Plainville, CT 06062
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CT-05
Similar Companies near Plainville
In the Plainville area, 2 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 98 employees (compared to this company's 166) and received an average PPP loan of $1,746,661 (compared to this company's $3.16M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 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 14 employees, 92% lower than Loureiro Engineering Associates, Inc.'s reported 166 employees, and received an average PPP loan of $249,856, 92% lower than this company's loan of $3.16M.
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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