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PPP Loan Data — William Raveis Holdings, Inc., Shelton, CT

SBA PPP loan data, payroll data, and salaries for William Raveis Holdings, Inc.
CT

William Raveis Holdings, Inc.

Entity: Corporation

Industry: Offices of Real Estate Agents and Brokers

Location: Shelton, CT

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William Raveis Holdings, Inc. is a corporation located at 7 Trap Falls Rd in Shelton, Connecticut that received a Coronavirus-related PPP loan from the SBA of $6,441,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$6.44M

Jobs Retained:

411

Loan Approved:

2020-04-05

Lender:

PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION

William Raveis Holdings, Inc. in Shelton, CT received a Paycheck Protection Loan of $6.44M through PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, William Raveis Holdings, Inc.'s total 2019 payroll expenses were approximately $30.92M in order to qualify for the PPP loan amount received.

Based on their reported 411 jobs retained, this equals an estimated average yearly compensation of $75,223 per employee1.

Because the loan received by William Raveis Holdings, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - William Raveis Holdings, Inc. in Shelton, CT

William Raveis Holdings, Inc.
7 Trap Falls Rd
Shelton, CT 6484

Business Industry

Offices of Real Estate Agents and Brokers (NAICS code 531210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CT-04

Similar Companies near Shelton

In the Shelton area, 20 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 411) and received an average PPP loan of $369,291 (compared to this company's $6.44M).

Industry PPP Comparison Statistics

Nationwide, 123,031 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $3,483,797,893.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 2 employees, 100% lower than William Raveis Holdings, Inc.'s reported 411 employees, and received an average PPP loan of $28,316, 100% lower than this company's loan of $6.44M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/william-raveis-holdings-inc-shelton-ct