PPP Loan Data — United Steel Inc., East Hartford, CT
United Steel Inc. is a sole proprietorship located at 164 School Street in East Hartford, Connecticut that received a Coronavirus-related PPP loan from the SBA of $3,788,000.00 in April, 2020.
$ PPP Loan Information
Lender:PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION
United Steel Inc. in East Hartford, CT received a Paycheck Protection Loan of $3.79M through PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, United Steel Inc.'s total 2019 payroll expenses were approximately $18.18M in order to qualify for the PPP loan amount received.
Based on their reported 189 jobs retained, this equals an estimated average yearly compensation of $96,203 per employee1.
Business Information - United Steel Inc. in East Hartford, CT
164 School Street
East Hartford, CT 6108
Structural Steel and Precast Concrete Contractors (NAICS code 238120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CT-01
Industry PPP Comparison Statistics
Nationwide, 2,045 businesses in the "Structural Steel and Precast Concrete Contractors" industry received a total of $681,119,594.00 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 22 employees, 88% lower than United Steel Inc.'s reported 189 employees, and received an average PPP loan of $333,066, 91% lower than this company's loan of $3.79M.
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Footnotes & Information
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