PPP Loan Data — Caring Connections LLC, Tallahassee, FL
Caring Connections LLC is a limited liability company (LLC) located at 3019 N Shannon Lakes Dr in Tallahassee, Florida that received a Coronavirus-related PPP loan from the SBA of $192,762.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 84 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE FIRST, A NATIONAL BANKING ASSOCIATION
Caring Connections LLC received a Paycheck Protection Loan of $192,762 through THE FIRST, A NATIONAL BANKING ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Caring Connections LLC's total 2019 payroll expenses were approximately $925,258 in order to qualify for the PPP loan amount received.
Based on their reported 84 jobs retained, this equals an estimated average yearly compensation of $11,015 per employee1.
Business Information - Caring Connections LLC in Tallahassee, FL
3019 N Shannon Lakes Dr
Tallahassee, FL 32309
Home Health Care Services (NAICS code 621610)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: FL-02
Similar Companies near Tallahassee
In the Tallahassee area, 12 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 50 employees (compared to this company's 84) and received an average PPP loan of $412,698 (compared to this company's $192,762).
Similar Nearby Businesses Who Received PPP Funding:
Capital Medical And Surgical Inc
Exchange Edi, LLC
Big Bend Hospice Foundation Inc
Tallahassee Sleep Diagnostics Inc
Lawrence J Pijut DMD, PA
IPG Anesthesia, LLC
Capital Home Health Care Corp
Industry PPP Comparison Statistics
Nationwide, 25,078 businesses in the "Home Health Care Services" industry received a total of $5,322,458,293.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 34 employees, 60% lower than Caring Connections LLC's reported 84 employees, and received an average PPP loan of $212,236, 10% higher than this company's loan of $192,762.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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