PPP Loan Data — Turan, LLC, Hamden, CT
Turan, LLC is a limited liability company (LLC) located at 1500 Dixwell Ave in Hamden, Connecticut that received a Coronavirus-related PPP loan from the SBA of $25,463.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
Turan, LLC in Hamden, CT received a Paycheck Protection Loan of $25,463 through KeyBank National Association, which was approved in April, 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, Turan, LLC's 2019 payroll expenses are estimated to be at least $122,222.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,556 per employee1
Reported PPP Proceed Usage:
On the PPP application, Turan, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,463
Business Information - Turan, LLC in Hamden, CT
1500 Dixwell Ave
Hamden, CT 6514
NAICS code 445210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Hamden
In the Hamden area, 2 businesses in the "Meat Markets" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $28,502 (compared to this company's $25,463).
Similar Nearby Businesses Who Received PPP Funding:
Fair Haven Pizza Plus, LLC
New Haven, CT
Industry PPP Comparison Statistics
Nationwide, 4,261 businesses in the "Meat Markets" industry received a total of $247.79M 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 10 employees, 150% higher than Turan, LLC's reported 4 employees, and received an average PPP loan of $58,154, 128% higher than this company's loan of $25,463.
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Footnotes & Information
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