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PPP Loan Data — Generations Family Health Center, Inc., Willimantic, CT

SBA PPP loan data, payroll data, and salaries for Generations Family Health Center, Inc.
CT Nonprofit Organization

Generations Family Health Center, Inc.

Entity: Non-profit Organization

Industry: Offices of All Other Miscellaneous Health Practitioners

Location: Willimantic, CT

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Generations Family Health Center, Inc. is a non-profit organization located at 40 Mansfield Ave in Willimantic, Connecticut that received a Coronavirus-related PPP loan from the SBA of $3,025,900.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.03M

Jobs Retained:

207

Loan Approved:

2020-04-07

Lender:

BERKSHIRE BANK

Generations Family Health Center, Inc. received a Paycheck Protection Loan of $3.03M through BERKSHIRE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Generations Family Health Center, Inc.'s total 2019 payroll expenses were approximately $14.52M in order to qualify for the PPP loan amount received.

Based on their reported 207 jobs retained, this equals an estimated average yearly compensation of $70,166 per employee1.

Because the loan received by Generations Family Health Center, 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 - Generations Family Health Center, Inc. in Willimantic, CT

Generations Family Health Center, Inc.
40 Mansfield Ave
Willimantic, CT 6226

Business Industry

Offices of All Other Miscellaneous Health Practitioners (NAICS code 621399)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CT-02

Similar Companies near Willimantic

In the Willimantic area, 2 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a PPP loan. These local businesses reported an average of 104 employees (compared to this company's 207) and received an average PPP loan of $1,515,685 (compared to this company's $3.03M).

Similar Nearby Businesses Who Received PPP Funding:

Grace's Gift Therapeutic Massage DBA
Willimantic, CT

$5,470 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 30,902 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a total of $1,607,882,026.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 98% lower than Generations Family Health Center, Inc.'s reported 207 employees, and received an average PPP loan of $52,032, 98% lower than this company's loan of $3.03M.

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/generations-family-health-center-inc-willimantic-ct