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PPP Loan Data — Meadowbrook Associates, LP,
Hartford, CT
Meadowbrook Associates, LP
Entity: Limited Liability Company (LLC)
Industry: Automotive Oil Change and Lubrication Shops
Location: Hartford, CT
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Meadowbrook Associates, LP is a limited liability company (LLC) located at 25 Main Street in Hartford, Connecticut that received a Coronavirus-related PPP loan from the SBA of $3,421,778.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
250Loan Approved:
2020-04-04Lender:
PEOPLE'S UNITED BANK, NATIONAL ASSOCIATIONMeadowbrook Associates, LP received a Paycheck Protection Loan of $3.42M through PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Meadowbrook Associates, LP's total 2019 payroll expenses were approximately $16.42M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $65,698 per employee1.
Business Information - Meadowbrook Associates, LP in Hartford, CT
25 Main Street
Hartford, CT 6106
Business Industry
Automotive Oil Change and Lubrication Shops (NAICS code 811191)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CT-01Similar Companies near Hartford
In the Hartford area, 3 businesses in the "Automotive Oil Change and Lubrication Shops" industry received a PPP loan. These local businesses reported an average of 230 employees (compared to this company's 250) and received an average PPP loan of $3,023,582 (compared to this company's $3.42M).
Similar Nearby Businesses Who Received PPP Funding:
Galena Associates, LLC
Hartford, CT
High Line Lube, LLC
Hartford, CT
Industry PPP Comparison Statistics
Nationwide, 2,643 businesses in the "Automotive Oil Change and Lubrication Shops" industry received a total of $237,744,094.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 96% lower than Meadowbrook Associates, LP's reported 250 employees, and received an average PPP loan of $89,952, 97% lower than this company's loan of $3.42M.
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.
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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