PPP Loan Data — Torrington Supply Company, Inc., Waterbury, CT
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
Lender:UNION SAVINGS BANK
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.
Business Information - Torrington Supply Company, Inc. in Waterbury, CT
100 N Elm Street
Waterbury, CT 06702
Industrial Supplies Merchant Wholesalers (NAICS code 423840)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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
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.
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Footnotes & Information
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