PPP Loan Data — Norbert E. Mitchell Co., Inc., Danbury, CT
Norbert E. Mitchell Co., Inc.
Industry: Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)
Location: Danbury, CTTweet This • Search All PPP Data
Norbert E. Mitchell Co., Inc. is a corporation located at 7 Federal Rd in Danbury, Connecticut that received a Coronavirus-related PPP loan from the SBA of $2,554,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 175 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FAIRFIELD COUNTY BANK
Norbert E. Mitchell Co., Inc. in Danbury, CT received a Paycheck Protection Loan of $2.55M through FAIRFIELD COUNTY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Norbert E. Mitchell Co., Inc.'s total 2019 payroll expenses were approximately $12.26M in order to qualify for the PPP loan amount received.
Based on their reported 175 jobs retained, this equals an estimated average yearly compensation of $70,053 per employee1.
Business Information - Norbert E. Mitchell Co., Inc. in Danbury, CT
7 Federal Rd
Danbury, CT 6810
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: CT-05
Industry PPP Comparison Statistics
Nationwide, 2,382 businesses in the "Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)" industry received a total of $553,390,948.00 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 18 employees, 90% lower than Norbert E. Mitchell Co., Inc.'s reported 175 employees, and received an average PPP loan of $232,322, 91% lower than this company's loan of $2.55M.
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