PPP Loan Data — Riebold Sanitation, LLC, Higganum, CT
Riebold Sanitation, LLC is a subchapter s corporation located at Po Box 29 in Higganum, Connecticut that received a Coronavirus-related PPP loan from the SBA of $25,140.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Riebold Sanitation, LLC in Higganum, CT received a Paycheck Protection Loan of $25,140 through Liberty Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
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, Riebold Sanitation, LLC's 2019 payroll expenses are estimated to be at least $120,672.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,224 per employee1
Reported PPP Proceed Usage:
On the PPP application, Riebold Sanitation, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,140
Business Information - Riebold Sanitation, LLC in Higganum, CT
Po Box 29
Higganum, CT 6441
Septic Tank and Related Services
NAICS code 562991
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Higganum
In the Higganum area, 2 businesses in the "Septic Tank and Related Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $25,140 (compared to this company's $25,140).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 3,403 businesses in the "Septic Tank and Related Services" industry received a total of $240.96M 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 8 employees, 167% higher than Riebold Sanitation, LLC's reported 3 employees, and received an average PPP loan of $70,809, 182% higher than this company's loan of $25,140.
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Footnotes & Information
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