PPP Loan Data — Greenwich Psychotherapy & Associates, LLC, Greenwich, CT
Greenwich Psychotherapy & Associates, LLC
Entity: Limited Liability Company (LLC)
Location: Greenwich, CTTweet This • Search All PPP Data
Greenwich Psychotherapy & Associates, LLC is a limited liability company (LLC) located at 30 Washington Street in Greenwich, Connecticut that received a Coronavirus-related PPP loan from the SBA of $45,723.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Connecticut Community Bank, National Association
Greenwich Psychotherapy & Associates, LLC in Greenwich, CT received a Paycheck Protection Loan of $45,723 through Connecticut Community Bank, National Association, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Greenwich Psychotherapy & Associates, LLC's 2019 payroll expenses are estimated to be at least $219,470.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $73,157 per employee1
Reported PPP Proceed Usage:
On the PPP application, Greenwich Psychotherapy & Associates, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $34,292
- Utilities: $5,715
- Rent: $5,715
Business Information - Greenwich Psychotherapy & Associates, LLC in Greenwich, CT
30 Washington Street
Greenwich, CT 6830
Offices of Mental Health Practitioners (except Physicians)
NAICS code 621330
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Greenwich
In the Greenwich area, 9 businesses in the "Offices of Mental Health Practitioners (except Physicians)" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 3) and received an average PPP loan of $20,442 (compared to this company's $45,723).
Similar Nearby Businesses Who Received PPP Funding:
Jennifer Denkin, PHD
DR. Karina G. Campos, LLC
Mary Ellen Markowitz, Lcsw
MN. Seif PHD. Psychologist PC
The Behavior Therapy Group LLC
Industry PPP Comparison Statistics
Nationwide, 35,652 businesses in the "Offices of Mental Health Practitioners (except Physicians)" industry received a total of $1.26B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 4 employees, 33% higher than Greenwich Psychotherapy & Associates, LLC's reported 3 employees, and received an average PPP loan of $35,352, 23% lower than this company's loan of $45,723.
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Footnotes & Information
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