PPP Loan Data — New Haven County Janitorial Management, Inc, Bridgeport, CT
New Haven County Janitorial Management, Inc is a corporation located at 2874 Fairfield Ave in Bridgeport, Connecticut that received a Coronavirus-related PPP loan from the SBA of $59,960.00 in April, 2020.
$ PPP Loan Information
Lender:PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION
New Haven County Janitorial Management, Inc received a Paycheck Protection Loan of $59,960 through PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, New Haven County Janitorial Management, Inc's total 2019 payroll expenses were approximately $287,808 in order to qualify for the PPP loan amount received.
Based on their reported 46 jobs retained, this equals an estimated average yearly compensation of $6,257 per employee1.
Business Information - New Haven County Janitorial Management, Inc in Bridgeport, CT
2874 Fairfield Ave
Bridgeport, CT 6605
Janitorial Services (NAICS code 561720)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CT-04
Similar Companies near Bridgeport
In the Bridgeport area, 14 businesses in the "Janitorial Services" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 46) and received an average PPP loan of $636,601 (compared to this company's $59,960).
Similar Nearby Businesses Who Received PPP Funding:
Ortiz Cleaning Services LLC
Leonice Tome Cortez DBA Leonice Tome Cortez
AL And E Carpet Cleaning,LLC
Dust Busters CT, LLC
Connecticut Commercial Facilities Services, LLC
Martha Beltran DBA Mcb Services
HHH Cleaning Services Inc
Industry PPP Comparison Statistics
Nationwide, 31,508 businesses in the "Janitorial Services" industry received a total of $2,265,370,248.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 74% lower than New Haven County Janitorial Management, Inc's reported 46 employees, and received an average PPP loan of $71,898, 20% higher than this company's loan of $59,960.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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