PPP Loan Data — Church Home Of Hartford, Inc., Bloomfield, CT
Church Home Of Hartford, Inc. is a non-profit organization located at 200 Seabury Drive in Bloomfield, Connecticut that received a Coronavirus-related PPP loan from the SBA of $3,279,121.00 in April, 2020.
$ PPP Loan Information
Lender:WEBSTER BANK, NATIONAL ASSOCIATION
Church Home Of Hartford, Inc. in Bloomfield, CT received a Paycheck Protection Loan of $3.28M through WEBSTER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Church Home Of Hartford, Inc.'s total 2019 payroll expenses were approximately $15.74M in order to qualify for the PPP loan amount received.
Based on their reported 378 jobs retained, this equals an estimated average yearly compensation of $41,640 per employee1.
Business Information - Church Home Of Hartford, Inc. in Bloomfield, CT
200 Seabury Drive
Bloomfield, CT 6002
Home Health Care Services (NAICS code 621610)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CT-01
Similar Companies near Bloomfield
In the Bloomfield area, 9 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 71 employees (compared to this company's 378) and received an average PPP loan of $594,056 (compared to this company's $3.28M).
Similar Nearby Businesses Who Received PPP Funding:
Global Horizon Development Inc
Harvest Healthcare, LLC
Cargill Investment Group Inc
House Call Radiology, LLC
Oxford Home Care, LLC
Glaser Helpers, Inc
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, 91% lower than Church Home Of Hartford, Inc.'s reported 378 employees, and received an average PPP loan of $212,236, 94% lower than this company's loan of $3.28M.
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.
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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