PPP Loan Data — Redding Life Care LLC, Redding, CT
Redding Life Care LLC is a limited liability company (LLC) located at 100 Redding Rd in Redding, Connecticut that received a Coronavirus-related PPP loan from the SBA of $2,559,755.00 in April, 2020.
$ PPP Loan Information
Lender:TD BANK, NATIONAL ASSOCIATION
Redding Life Care LLC in Redding, CT received a Paycheck Protection Loan of $2.56M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Redding Life Care LLC's total 2019 payroll expenses were approximately $12.29M in order to qualify for the PPP loan amount received.
Based on their reported 350 jobs retained, this equals an estimated average yearly compensation of $35,105 per employee1.
Business Information - Redding Life Care LLC in Redding, CT
100 Redding Rd
Redding, CT 06896
Office Administrative Services (NAICS code 561110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CT-04
Similar Companies near Redding
In the Redding area, 6 businesses in the "Office Administrative Services" industry received a PPP loan. These local businesses reported an average of 59 employees (compared to this company's 350) and received an average PPP loan of $908,677 (compared to this company's $2.56M).
Similar Nearby Businesses Who Received PPP Funding:
MGT Development LLC
Wallace Management Group, LLC
The Mcmahon Group LLC
West Redding, CT
Sage Adjusting, LLC
Industry PPP Comparison Statistics
Nationwide, 18,417 businesses in the "Office Administrative Services" industry received a total of $1,762,719,177.00 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 9 employees, 97% lower than Redding Life Care LLC's reported 350 employees, and received an average PPP loan of $95,712, 96% lower than this company's loan of $2.56M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!