PPP Loan Data — Neis, Inc., Cheshire, CT
Neis, Inc. is a corporation located at 908 South Meriden Road in Cheshire, Connecticut that received a Coronavirus-related PPP loan from the SBA of $3,073,298.00 in April, 2020.
$ PPP Loan Information
Lender:WEBSTER BANK, NATIONAL ASSOCIATION
Neis, Inc. received a Paycheck Protection Loan of $3.07M through WEBSTER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Neis, Inc.'s total 2019 payroll expenses were approximately $14.75M in order to qualify for the PPP loan amount received.
Based on their reported 398 jobs retained, this equals an estimated average yearly compensation of $37,065 per employee1.
Business Information - Neis, Inc. in Cheshire, CT
908 South Meriden Road
Cheshire, CT 6410
Insurance Agencies and Brokerages (NAICS code 524210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CT-05
Similar Companies near Cheshire
In the Cheshire area, 11 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 398) and received an average PPP loan of $351,426 (compared to this company's $3.07M).
Similar Nearby Businesses Who Received PPP Funding:
Stamford Insurance Group, Inc.
Gromko Insurance Agency Inc
Michele L Rosa Insurance Agency
CPM Group Insurance Services
The Money Coach LLC
Michael J Warzecha
Strathman Winch Insurance LLC
Industry PPP Comparison Statistics
Nationwide, 90,958 businesses in the "Insurance Agencies and Brokerages" industry received a total of $4,494,836,388.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 99% lower than Neis, Inc.'s reported 398 employees, and received an average PPP loan of $49,417, 98% lower than this company's loan of $3.07M.
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Footnotes & Information
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