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PPP Loan Data — Bhcare, Inc., North Haven, CT

SBA PPP loan data, payroll data, and salaries for Bhcare, Inc.
CT Nonprofit Organization

Bhcare, Inc.

Entity: Non-profit Organization

Industry: Other Individual and Family Services

Location: North Haven, CT

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Bhcare, Inc. is a non-profit organization located at 127 Washington Ave. 3rd Floor West in North Haven, Connecticut that received a Coronavirus-related PPP loan from the SBA of $2,998,937.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3M

Jobs Retained:

264

Loan Approved:

2020-04-10

Lender:

THE GUILFORD SAVINGS BANK

Bhcare, Inc. in North Haven, CT received a Paycheck Protection Loan of $3M through THE GUILFORD SAVINGS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Bhcare, Inc.'s total 2019 payroll expenses were approximately $14.39M in order to qualify for the PPP loan amount received.

Based on their reported 264 jobs retained, this equals an estimated average yearly compensation of $54,526 per employee1.

Because the loan received by Bhcare, 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 - Bhcare, Inc. in North Haven, CT

Bhcare, Inc.
127 Washington Ave. 3rd Floor West
North Haven, CT 6473

Business Industry

Other Individual and Family Services (NAICS code 624190)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CT-03

Similar Companies near North Haven

In the North Haven area, 2 businesses in the "Other Individual and Family Services" industry received a PPP loan. These local businesses reported an average of 150 employees (compared to this company's 264) and received an average PPP loan of $1,686,070 (compared to this company's $3M).

Industry PPP Comparison Statistics

Nationwide, 15,794 businesses in the "Other Individual and Family Services" industry received a total of $2,302,146,944.00 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 17 employees, 94% lower than Bhcare, Inc.'s reported 264 employees, and received an average PPP loan of $145,761, 95% lower than this company's loan of $3M.

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.

Search FederalPay's Full PPP Loan Database

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/bhcare-inc-north-haven-ct