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PPP Loan Data — Redding Life Care LLC, Redding, CT

SBA PPP loan data, payroll data, and salaries for Redding Life Care LLC
CT

Redding Life Care LLC

Entity: Limited Liability Company (LLC)

Industry: Office Administrative Services

Location: Redding, CT

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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

Loan Size:

$2.56M

Jobs Retained:

350

Loan Approved:

2020-04-10

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.

Because the loan received by Redding Life Care LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Redding Life Care LLC in Redding, CT

Redding Life Care LLC
100 Redding Rd
Redding, CT 06896

Business Industry

Office Administrative Services (NAICS code 561110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/redding-life-care-llc-redding-ct