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PPP Loan Data — Torrington Supply Company, Inc., Waterbury, CT

SBA PPP loan data, payroll data, and salaries for Torrington Supply Company, Inc.

Torrington Supply Company, Inc.

Entity: Corporation

Industry: Industrial Supplies Merchant Wholesalers

Location: Waterbury, CT

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Torrington Supply Company, Inc. is a corporation located at 100 N Elm Street in Waterbury, Connecticut that received a Coronavirus-related PPP loan from the SBA of $2,616,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Torrington Supply Company, Inc. in Waterbury, CT received a Paycheck Protection Loan of $2.62M through UNION SAVINGS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Torrington Supply Company, Inc.'s total 2019 payroll expenses were approximately $12.56M in order to qualify for the PPP loan amount received.

Based on their reported 175 jobs retained, this equals an estimated average yearly compensation of $71,772 per employee1.

Because the loan received by Torrington Supply Company, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Torrington Supply Company, Inc. in Waterbury, CT

Torrington Supply Company, Inc.
100 N Elm Street
Waterbury, CT 06702

Business Industry

Industrial Supplies Merchant Wholesalers (NAICS code 423840)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CT-05

Similar Companies near Waterbury

In the Waterbury area, 2 businesses in the "Industrial Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 101 employees (compared to this company's 175) and received an average PPP loan of $1,432,849 (compared to this company's $2.62M).

Similar Nearby Businesses Who Received PPP Funding:

Tools Plus Inc
Waterbury, CT

$248,997 PPP Loan

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, 93% lower than Torrington Supply Company, Inc.'s reported 175 employees, and received an average PPP loan of $186,564, 93% lower than this company's loan of $2.62M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.

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** This Document Provided By - The Civil Employee's Resource **