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PPP Loan Data — Generations Family Health Center, Inc.,
Willimantic, CT
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:
Jobs Retained:
207Loan Approved:
2020-04-07Lender:
BERKSHIRE BANKGenerations 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.
Business Information - Generations Family Health Center, Inc. in Willimantic, CT
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-02Similar 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
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.
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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