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PPP Loan Data — Connecticut Community Care, Inc., Bristol, CT

SBA PPP loan data, payroll data, and salaries for Connecticut Community Care, Inc.
CT Nonprofit Organization

Connecticut Community Care, Inc.

Entity: Non-profit Organization

Industry: Other Grantmaking and Giving Services

Location: Bristol, CT

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Connecticut Community Care, Inc. is a non-profit organization located at 43 Enterprise Drive in Bristol, Connecticut that received a Coronavirus-related PPP loan from the SBA of $3,464,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.46M

Jobs Retained:

280

Loan Approved:

2020-04-15

Lender:

WEBSTER BANK, NATIONAL ASSOCIATION

Connecticut Community Care, Inc. in Bristol, CT received a Paycheck Protection Loan of $3.46M through WEBSTER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Connecticut Community Care, Inc.'s total 2019 payroll expenses were approximately $16.63M in order to qualify for the PPP loan amount received.

Based on their reported 280 jobs retained, this equals an estimated average yearly compensation of $59,391 per employee1.

Because the loan received by Connecticut Community Care, 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 - Connecticut Community Care, Inc. in Bristol, CT

Connecticut Community Care, Inc.
43 Enterprise Drive
Bristol, CT 06010

Business Industry

Other Grantmaking and Giving Services (NAICS code 813219)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CT-01

Industry PPP Comparison Statistics

Nationwide, 6,269 businesses in the "Other Grantmaking and Giving Services" industry received a total of $998,645,047.00 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 16 employees, 94% lower than Connecticut Community Care, Inc.'s reported 280 employees, and received an average PPP loan of $159,299, 95% lower than this company's loan of $3.46M.

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/connecticut-community-care-inc-bristol-ct