PPP Loan Data — Turbine Controls, Inc., Bloomfield, CT
Turbine Controls, Inc. is a subchapter s corporation located at 5 Old Windsor Rd in Bloomfield, Connecticut that received a Coronavirus-related PPP loan from the SBA of $2,494,567.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION
Turbine Controls, Inc. in Bloomfield, CT received a Paycheck Protection Loan of $2.49M through PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Turbine Controls, Inc.'s total 2019 payroll expenses were approximately $11.97M in order to qualify for the PPP loan amount received.
Unlike most businesses, Turbine Controls, 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 - Turbine Controls, Inc. in Bloomfield, CT
5 Old Windsor Rd
Bloomfield, CT 06002
Aircraft Engine and Engine Parts Manufacturing (NAICS code 336412)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CT-01
Similar Companies near Bloomfield
In the Bloomfield area, 3 businesses in the "Aircraft Engine and Engine Parts Manufacturing" industry received a PPP loan. These local businesses reported an average of 60 employees (compared to this company's 0) and received an average PPP loan of $1,715,648 (compared to this company's $2.49M).
Similar Nearby Businesses Who Received PPP Funding:
Aerospace Alloys Inc
Birken MFG Company
Industry PPP Comparison Statistics
Nationwide, 449 businesses in the "Aircraft Engine and Engine Parts Manufacturing" industry received a total of $220,243,418.00 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 32 employees, and received an average PPP loan of $490,520, 80% lower than this company's loan of $2.49M.
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Footnotes & Information
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