PPP Loan Data — New England Window Company, LLC, Meriden, CT
New England Window Company, LLC is a limited liability company (LLC) located at 290 Pratt Street in Meriden, Connecticut that received a Coronavirus-related PPP loan from the SBA of $25,415.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Santander Bank, National Association
New England Window Company, LLC in Meriden, CT received a Paycheck Protection Loan of $25,415 through Santander Bank, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, New England Window Company, LLC's 2019 payroll expenses are estimated to be at least $121,992.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,996 per employee1
Reported PPP Proceed Usage:
On the PPP application, New England Window Company, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,415
Business Information - New England Window Company, LLC in Meriden, CT
290 Pratt Street
Meriden, CT 6450
Glass and Glazing Contractors
NAICS code 238150
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 7,547 businesses in the "Glass and Glazing Contractors" industry received a total of $1.07B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 12 employees, 500% higher than New England Window Company, LLC's reported 2 employees, and received an average PPP loan of $142,027, 459% higher than this company's loan of $25,415.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!