PPP Loan Data — Help At Home CT, LLC, Trumbull, CT
Help At Home CT, LLC is a limited liability company (LLC) located at 11 Red Barn Road in Trumbull, Connecticut that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Newtown Savings Bank
Help At Home CT, LLC in Trumbull, CT received a Paycheck Protection Loan of $25,200 through Newtown Savings Bank, 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, Help At Home CT, LLC's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, Help At Home CT, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Help At Home CT, LLC in Trumbull, CT
11 Red Barn Road
Trumbull, CT 6611
Home Health Care Services
NAICS code 621610
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Trumbull
In the Trumbull area, 5 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 2) and received an average PPP loan of $183,662 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Wings Of Eagles Care Solutions
Senior Care Management, LLC
Alzheimer's And Dementia Care LLC
Industry PPP Comparison Statistics
Nationwide, 91,996 businesses in the "Home Health Care Services" industry received a total of $7.67B 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 15 employees, 650% higher than Help At Home CT, LLC's reported 2 employees, and received an average PPP loan of $83,373, 231% higher than this company's loan of $25,200.
FederalPay's PPP Information Policy
Footnotes & Information
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