PPP Loan Data — Owens, Renz & Lee Co., Inc., Branford, CT
Owens, Renz & Lee Co., Inc. is a subchapter s corporation located at 2 Summit Place in Branford, Connecticut that received a Coronavirus-related PPP loan from the SBA of $4,815,783.00 in April, 2020.
$ PPP Loan Information
Owens, Renz & Lee Co., Inc. in Branford, CT received a Paycheck Protection Loan of $4.82M through LIBERTY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Owens, Renz & Lee Co., Inc.'s total 2019 payroll expenses were approximately $23.12M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $46,232 per employee1.
Business Information - Owens, Renz & Lee Co., Inc. in Branford, CT
2 Summit Place
Branford, CT 06405
Janitorial Services (NAICS code 561720)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CT-03
Similar Companies near Branford
In the Branford area, 4 businesses in the "Janitorial Services" industry received a PPP loan. These local businesses reported an average of 125 employees (compared to this company's 500) and received an average PPP loan of $1,220,058 (compared to this company's $4.82M).
Similar Nearby Businesses Who Received PPP Funding:
Brani Vm LLC
11 Kelly Crest Rd, CT
Fresh Express Cleaning Service LLC
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, 98% lower than Owens, Renz & Lee Co., Inc.'s reported 500 employees, and received an average PPP loan of $71,898, 99% lower than this company's loan of $4.82M.
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Footnotes & Information
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