PPP Loan Data — Connections Health Solutions, LLC, Phoenix, AZ
Connections Health Solutions, LLC
Entity: Limited Liability Company (LLC)
Location: Phoenix, AZTweet This • Search All PPP Data
Connections Health Solutions, LLC is a limited liability company (LLC) located at 2394 E Camelback Rd Ste 200 in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $6,162,376.00 in April, 2020.
The company has reported itself as an American indian or alaska native male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Lender:COMMERCE BANK OF ARIZONA
Connections Health Solutions, LLC received a Paycheck Protection Loan of $6.16M through COMMERCE BANK OF ARIZONA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Connections Health Solutions, LLC's total 2019 payroll expenses were approximately $29.58M 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 $59,159 per employee1.
Business Information - Connections Health Solutions, LLC in Phoenix, AZ
2394 E Camelback Rd Ste 200
Phoenix, AZ 85016
Outpatient Mental Health and Substance Abuse Centers (NAICS code 621420)
Business Owner Demographics
Race / Ethnicity: AMERICAN INDIAN OR ALASKA NATIVE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: AZ-09
Similar Companies near Phoenix
In the Phoenix area, 4 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a PPP loan. These local businesses reported an average of 135 employees (compared to this company's 500) and received an average PPP loan of $1,572,962 (compared to this company's $6.16M).
Similar Nearby Businesses Who Received PPP Funding:
Dynamic Living Counseling, Inc
Gender Identity Center LLC
Recovery RX LLC
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 Health Solutions, LLC's reported 500 employees, and received an average PPP loan of $244,297, 96% lower than this company's loan of $6.16M.
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.
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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