PPP Loan Data — Lifecare Inc., Shelton, CT
Lifecare Inc. is a corporation located at 2 Armstrong Rd Ste 301 in Shelton, Connecticut that received a Coronavirus-related PPP loan from the SBA of $4,080,805.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 284 people during the applicable loan loan period.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Lifecare Inc. received a Paycheck Protection Loan of $4.08M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lifecare Inc.'s total 2019 payroll expenses were approximately $19.59M in order to qualify for the PPP loan amount received.
Based on their reported 284 jobs retained, this equals an estimated average yearly compensation of $68,971 per employee1.
Business Information - Lifecare Inc. in Shelton, CT
2 Armstrong Rd Ste 301
Shelton, CT 6484
Other Management Consulting Services (NAICS code 541618)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: CT-04
Similar Companies near Shelton
In the Shelton area, 8 businesses in the "Other Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 284) and received an average PPP loan of $589,616 (compared to this company's $4.08M).
Similar Nearby Businesses Who Received PPP Funding:
Consultative Admin Services LLC
ERP Consulting LLC
RJH Quality Consulting LLC
Tom Maier Associates LLC
Trinci Consulting Services LLC
CB Technology LLC
Productivity, LLC DBA Productivity Inc
Industry PPP Comparison Statistics
Nationwide, 45,812 businesses in the "Other Management Consulting Services" industry received a total of $2,639,462,577.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 99% lower than Lifecare Inc.'s reported 284 employees, and received an average PPP loan of $57,615, 99% lower than this company's loan of $4.08M.
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