PPP Loan Data — Thurston Foods, Inc., Wallingford, CT
Thurston Foods, Inc. is a corporation located at 30 Thurston Drive in Wallingford, Connecticut that received a Coronavirus-related PPP loan from the SBA of $3,572,600.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:CITIZENS BANK, NATIONAL ASSOCIATION
Thurston Foods, Inc. in Wallingford, CT received a Paycheck Protection Loan of $3.57M through CITIZENS BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Thurston Foods, Inc.'s total 2019 payroll expenses were approximately $17.15M in order to qualify for the PPP loan amount received.
Unlike most businesses, Thurston Foods, Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Thurston Foods, Inc. in Wallingford, CT
30 Thurston Drive
Wallingford, CT 6492
Packaged Frozen Food Merchant Wholesalers (NAICS code 424420)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CT-03
Industry PPP Comparison Statistics
Nationwide, 831 businesses in the "Packaged Frozen Food Merchant Wholesalers" industry received a total of $205,635,611.00 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 22 employees, and received an average PPP loan of $247,456, 93% lower than this company's loan of $3.57M.
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Footnotes & Information
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