PPP Loan Data — Plimpton & Hills Corporation, Meriden, CT
Plimpton & Hills Corporation
Location: Meriden, CTTweet This • Search All PPP Data
Plimpton & Hills Corporation is a corporation located at 300 Research Pkwy in Meriden, Connecticut that received a Coronavirus-related PPP loan from the SBA of $3,355,751.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Plimpton & Hills Corporation received a Paycheck Protection Loan of $3.36M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Plimpton & Hills Corporation's total 2019 payroll expenses were approximately $16.11M in order to qualify for the PPP loan amount received.
Based on their reported 280 jobs retained, this equals an estimated average yearly compensation of $57,527 per employee1.
Business Information - Plimpton & Hills Corporation in Meriden, CT
300 Research Pkwy
Meriden, CT 6450
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CT-05
Similar Companies near Meriden
In the Meriden area, 18 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 280) and received an average PPP loan of $289,881 (compared to this company's $3.36M).
Similar Nearby Businesses Who Received PPP Funding:
A-1 Services, Inc.
Rojo Mechanical Services LLC
Central Connecticut Fire Protection Inco
Copper Valley Heating & Cooling LLC
United Mechanical Resources, Inc.
George J Mack & Sons Inc
Fredrick Nadile Plumbing Servi
The Rockfall Company LLC
Industry PPP Comparison Statistics
Nationwide, 60,482 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $9,373,583,135.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 96% lower than Plimpton & Hills Corporation's reported 280 employees, and received an average PPP loan of $154,981, 95% lower than this company's loan of $3.36M.
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