PPP Loan Data — Norwalk Operations, LLC, Norwalk, CT
Norwalk Operations, LLC
Entity: Limited Liability Company (LLC)
Location: Norwalk, CTTweet This • Search All PPP Data
Norwalk Operations, LLC is a limited liability company (LLC) located at 34 Midrocks Dr in Norwalk, Connecticut that received a Coronavirus-related PPP loan from the SBA of $1,638,200.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Norwalk Operations, LLC in Norwalk, CT received a Paycheck Protection Loan of $1.64M through Amboy Bank, which was approved in April, 2020.
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, Norwalk Operations, LLC's 2019 payroll expenses are estimated to be at least $7.86M.
Based on their reported 187 jobs retained, this equals an estimated average yearly compensation of $42,050 per employee1
Reported PPP Proceed Usage:
On the PPP application, Norwalk Operations, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,638,200
Business Information - Norwalk Operations, LLC in Norwalk, CT
34 Midrocks Dr
Norwalk, CT 6851
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Norwalk
In the Norwalk area, 3 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 118 employees (compared to this company's 187) and received an average PPP loan of $1,055,611 (compared to this company's $1.64M).
Similar Nearby Businesses Who Received PPP Funding:
Notre Dame Convalescent Homesinc
Notre Dame Convalescent Home Inc
Industry PPP Comparison Statistics
Nationwide, 15,360 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6.8B 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 60 employees, 68% lower than Norwalk Operations, LLC's reported 187 employees, and received an average PPP loan of $442,944, 73% lower than this company's loan of $1.64M.
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Footnotes & Information
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