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PPP Loan Data — Community Mental Health Affiliates, Inc., New Britain, CT

SBA PPP loan data, payroll data, and salaries for Community Mental Health Affiliates, Inc.
CT Nonprofit Organization

Community Mental Health Affiliates, Inc.

Entity: Non-profit Organization

Industry: Outpatient Mental Health and Substance Abuse Centers

Location: New Britain, CT

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Community Mental Health Affiliates, Inc. is a non-profit organization located at 233 Main St in New Britain, Connecticut that received a Coronavirus-related PPP loan from the SBA of $3,488,137.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.49M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-05

Lender:

PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION

Community Mental Health Affiliates, Inc. received a Paycheck Protection Loan of $3.49M through PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Community Mental Health Affiliates, Inc.'s total 2019 payroll expenses were approximately $16.74M in order to qualify for the PPP loan amount received.

Unlike most businesses, Community Mental Health Affiliates, Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Community Mental Health Affiliates, 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 - Community Mental Health Affiliates, Inc. in New Britain, CT

Community Mental Health Affiliates, Inc.
233 Main St
New Britain, CT 6051

Business Industry

Outpatient Mental Health and Substance Abuse Centers (NAICS code 621420)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CT-05

Similar Companies near New Britain

In the New Britain area, 2 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 0) and received an average PPP loan of $1,744,555 (compared to this company's $3.49M).

Similar Nearby Businesses Who Received PPP Funding:

David J Norton Lpc
New Britain, CT

$972 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 5,494 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a total of $1,342,170,180.00 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 24 employees, and received an average PPP loan of $244,297, 93% lower than this company's loan of $3.49M.

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.

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/community-mental-health-affiliates-inc-new-britain-ct