PPP Loan Data — Underwater Construction Corporation, Essex, CT
Underwater Construction Corporation is a sole proprietorship located at 110 Plains Rd in Essex, Connecticut that received a Coronavirus-related PPP loan from the SBA of $3,576,248.00 in April, 2020.
$ PPP Loan Information
Lender:WEBSTER BANK, NATIONAL ASSOCIATION
Underwater Construction Corporation received a Paycheck Protection Loan of $3.58M through WEBSTER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Underwater Construction Corporation's total 2019 payroll expenses were approximately $17.17M in order to qualify for the PPP loan amount received.
Based on their reported 224 jobs retained, this equals an estimated average yearly compensation of $76,634 per employee1.
Business Information - Underwater Construction Corporation in Essex, CT
110 Plains Rd
Essex, CT 6426
Other Heavy and Civil Engineering Construction (NAICS code 237990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CT-02
Industry PPP Comparison Statistics
Nationwide, 5,686 businesses in the "Other Heavy and Civil Engineering Construction" industry received a total of $1,754,404,434.00 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 19 employees, 92% lower than Underwater Construction Corporation's reported 224 employees, and received an average PPP loan of $308,548, 91% lower than this company's loan of $3.58M.
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Footnotes & Information
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