PPP Loan Data — Tri-City Fire Protection LLC, Tolland, CT
Tri-City Fire Protection LLC is a limited liability company (LLC) located at 67 Meadowood Road in Tolland, Connecticut that received a Coronavirus-related PPP loan from the SBA of $46,295.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
Tri-City Fire Protection LLC in Tolland, CT received a Paycheck Protection Loan of $46,295 through KeyBank National Association, which was approved in June, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Tri-City Fire Protection LLC's 2019 payroll expenses are estimated to be at least $222,216.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,443 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tri-City Fire Protection LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,295
Business Information - Tri-City Fire Protection LLC in Tolland, CT
67 Meadowood Road
Tolland, CT 6084
NAICS code 922160
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Tolland
In the Tolland area, 2 businesses in the "Fire Protection" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 5) and received an average PPP loan of $90,993 (compared to this company's $46,295).
Similar Nearby Businesses Who Received PPP Funding:
Innovative Services Inc
Industry PPP Comparison Statistics
Nationwide, 2,193 businesses in the "Fire Protection" industry received a total of $291.23M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 13 employees, 160% higher than Tri-City Fire Protection LLC's reported 5 employees, and received an average PPP loan of $132,800, 187% higher than this company's loan of $46,295.
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Footnotes & Information
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