PPP Loan Data — Pneumatic Systems Co LLC, West Hartford, CT
Pneumatic Systems Co LLC
Entity: Limited Liability Company (LLC)
Industry: Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
Location: West Hartford, CTTweet This • Search All PPP Data
Pneumatic Systems Co LLC is a limited liability company (LLC) located at 64 Cody St in West Hartford, Connecticut that received a Coronavirus-related PPP loan from the SBA of $25,044.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Pneumatic Systems Co LLC in West Hartford, CT received a Paycheck Protection Loan of $25,044 through Bank of America, National Association, 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, Pneumatic Systems Co LLC's 2019 payroll expenses are estimated to be at least $120,211.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,035 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pneumatic Systems Co LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,044
Business Information - Pneumatic Systems Co LLC in West Hartford, CT
64 Cody St
West Hartford, CT 6110
Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
NAICS code 811310
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near West Hartford
In the West Hartford area, 6 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 6) and received an average PPP loan of $117,833 (compared to this company's $25,044).
Similar Nearby Businesses Who Received PPP Funding:
Paul Welding Co., Inc
Ceda Company, Inc
Simply Clean Air And Water Inc
Hartford Boiler Repair Works Inc
West Hartford, CT
Industry PPP Comparison Statistics
Nationwide, 22,310 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a total of $2.27B 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 9 employees, 50% higher than Pneumatic Systems Co LLC's reported 6 employees, and received an average PPP loan of $101,583, 306% higher than this company's loan of $25,044.
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