PPP Loan Data — The Nefco Holding Company I, Inc., East Hartford, CT
The Nefco Holding Company I, Inc. is a corporation located at 411 Burnham Street in East Hartford, Connecticut that received a Coronavirus-related PPP loan from the SBA of $4,866,448.00 in April, 2020.
$ PPP Loan Information
Lender:PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION
The Nefco Holding Company I, Inc. in East Hartford, CT received a Paycheck Protection Loan of $4.87M through PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Nefco Holding Company I, Inc.'s total 2019 payroll expenses were approximately $23.36M in order to qualify for the PPP loan amount received.
Based on their reported 240 jobs retained, this equals an estimated average yearly compensation of $97,329 per employee1.
Business Information - The Nefco Holding Company I, Inc. in East Hartford, CT
411 Burnham Street
East Hartford, CT 06108
Industrial Supplies Merchant Wholesalers (NAICS code 423840)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CT-01
Industry PPP Comparison Statistics
Nationwide, 4,186 businesses in the "Industrial Supplies Merchant Wholesalers" industry received a total of $780,956,963.00 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 13 employees, 95% lower than The Nefco Holding Company I, Inc.'s reported 240 employees, and received an average PPP loan of $186,564, 96% lower than this company's loan of $4.87M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!