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PPP Loan Data — Nehds Logistics LLC, Monroe, CT

SBA PPP loan data, payroll data, and salaries for Nehds Logistics LLC
CT

Nehds Logistics LLC

Entity: Limited Liability Company (LLC)

Industry: Local Messengers and Local Delivery

Location: Monroe, CT

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Nehds Logistics LLC is a limited liability company (LLC) located at 448 Pepper St in Monroe, Connecticut that received a Coronavirus-related PPP loan from the SBA of $2,734,000.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 250 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.73M

Jobs Retained:

250

Loan Approved:

2020-04-03

Lender:

SAVINGS BANK OF DANBURY

Nehds Logistics LLC in Monroe, CT received a Paycheck Protection Loan of $2.73M through SAVINGS BANK OF DANBURY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Nehds Logistics LLC's total 2019 payroll expenses were approximately $13.12M 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 $52,493 per employee1.

Because the loan received by Nehds Logistics LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Nehds Logistics LLC in Monroe, CT

Nehds Logistics LLC
448 Pepper St
Monroe, CT 6468

Business Industry

Local Messengers and Local Delivery (NAICS code 492210)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: CT-04

Industry PPP Comparison Statistics

Nationwide, 3,342 businesses in the "Local Messengers and Local Delivery" industry received a total of $226,849,240.00 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 9 employees, 96% lower than Nehds Logistics LLC's reported 250 employees, and received an average PPP loan of $67,878, 98% lower than this company's loan of $2.73M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/nehds-logistics-llc-monroe-ct