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PPP Loan Data — Intercommunity, Inc.,
East Hartford, CT
Intercommunity, Inc.
Entity: Corporation
Industry: Services for the Elderly and Persons with Disabilities
Location: East Hartford, CT
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Intercommunity, Inc. is a corporation located at 111 Founders Plz in East Hartford, Connecticut that received a Coronavirus-related PPP loan from the SBA of $4,013,985.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
292Loan Approved:
2020-04-10Lender:
TD BANK, NATIONAL ASSOCIATIONIntercommunity, Inc. received a Paycheck Protection Loan of $4.01M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Intercommunity, Inc.'s total 2019 payroll expenses were approximately $19.27M in order to qualify for the PPP loan amount received.
Based on their reported 292 jobs retained, this equals an estimated average yearly compensation of $65,983 per employee1.
Business Information - Intercommunity, Inc. in East Hartford, CT
111 Founders Plz
East Hartford, CT 6108
Business Industry
Services for the Elderly and Persons with Disabilities (NAICS code 624120)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CT-01Similar Companies near East Hartford
In the East Hartford area, 2 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a PPP loan. These local businesses reported an average of 147 employees (compared to this company's 292) and received an average PPP loan of $2,011,383 (compared to this company's $4.01M).
Similar Nearby Businesses Who Received PPP Funding:
Seniors Job Bank, Inc
West Hartford, CT
Industry PPP Comparison Statistics
Nationwide, 7,046 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a total of $1,535,554,395.00 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 32 employees, 89% lower than Intercommunity, Inc.'s reported 292 employees, and received an average PPP loan of $217,933, 95% lower than this company's loan of $4.01M.
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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