PPP Loan Data — Connections Community, Wilmington, DE
Entity: Non-profit Organization
Location: Wilmington, DETweet This • Search All PPP Data
Connections Community is a non-profit organization located at 3821 Lancaster Pike in Wilmington, Delaware that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in July, 2020.
$ PPP Loan Information
Lender:TD BANK, NATIONAL ASSOCIATION
Connections Community in Wilmington, DE received a Paycheck Protection Loan of $10M through TD BANK, NATIONAL ASSOCIATION, which was approved in July, 2020.
Based on standard PPP eligibility rules, Connections Community's total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1.
Business Information - Connections Community in Wilmington, DE
3821 Lancaster Pike
Wilmington, DE 19805
Outpatient Mental Health and Substance Abuse Centers (NAICS code 621420)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: DE-
Similar Companies near Wilmington
In the Wilmington area, 2 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a PPP loan. These local businesses reported an average of 325 employees (compared to this company's 500) and received an average PPP loan of $5,649,206 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
Brandywine Counseling & Community Services, Inc.
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, 95% lower than Connections Community's reported 500 employees, and received an average PPP loan of $244,297, 98% lower than this company's loan of $10M.
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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