PPP Loan Data — Satronen Consulting, Hartford, CT
Entity: Sole Proprietorship
Location: Hartford, CTTweet This • Search All PPP Data
Satronen Consulting is a sole proprietorship located in Hartford, Connecticut that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Nutmeg State Financial CU
Satronen Consulting in Hartford, CT received a Paycheck Protection Loan of $25,000 through Nutmeg State Financial CU, which was approved in April, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Satronen Consulting reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Satronen Consulting in Hartford, CT
* Full address is redacted to protect the privacy of individuals.
Administrative Management and General Management Consulting Services
NAICS code 541611
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Hartford
In the Hartford area, 10 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $23,856 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Tremont Public Advisors LLC
Civic Mind LLC
Juan R Pedraza Jr
GW Association Management Solutions LLC
Daniel Penn Associates, LLC
Industry PPP Comparison Statistics
Nationwide, 94,773 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $5.51B 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 5 employees, 400% higher than Satronen Consulting's reported 1 employees, and received an average PPP loan of $58,139, 133% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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