PPP Loan Data — Telaid Industries, Inc., Niantic, CT
Telaid Industries, Inc. is a corporation located at 13 West Main Street in Niantic, Connecticut that received a Coronavirus-related PPP loan from the SBA of $3,570,600.00 in April, 2020.
$ PPP Loan Information
Lender:PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION
Telaid Industries, Inc. in Niantic, CT received a Paycheck Protection Loan of $3.57M through PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Telaid Industries, Inc.'s total 2019 payroll expenses were approximately $17.14M in order to qualify for the PPP loan amount received.
Based on their reported 260 jobs retained, this equals an estimated average yearly compensation of $65,919 per employee1.
Business Information - Telaid Industries, Inc. in Niantic, CT
13 West Main Street
Niantic, CT 06357
Computer Facilities Management Services (NAICS code 541513)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CT-02
Industry PPP Comparison Statistics
Nationwide, 1,889 businesses in the "Computer Facilities Management Services" industry received a total of $318,937,165.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 96% lower than Telaid Industries, Inc.'s reported 260 employees, and received an average PPP loan of $168,839, 95% lower than this company's loan of $3.57M.
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Footnotes & Information
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