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PPP Loan Data — Connections Community, Wilmington, DE

SBA PPP loan data, payroll data, and salaries for Connections Community
DE Nonprofit Organization

Connections Community

Entity: Non-profit Organization

Industry: Outpatient Mental Health and Substance Abuse Centers

Location: Wilmington, DE

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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

Loan Size:

$10M

Jobs Retained:

500

Loan Approved:

2020-07-19

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.

Because the loan received by Connections Community 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 - Connections Community in Wilmington, DE

Connections Community
3821 Lancaster Pike
Wilmington, DE 19805

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: 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).

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.

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/connections-community-wilmington-de