PPP Loan Data — San Juan Center, Inc, Hartford, CT
San Juan Center, Inc is a non-profit organization located at 1283 Main Street in Hartford, Connecticut that received a Coronavirus-related PPP loan from the SBA of $46,186.00 in April, 2020.
The company has reported itself as a male owned non-profit, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
San Juan Center, Inc in Hartford, CT received a Paycheck Protection Loan of $46,186 through Liberty 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, San Juan Center, Inc's 2019 payroll expenses are estimated to be at least $221,693.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,949 per employee1
Reported PPP Proceed Usage:
On the PPP application, San Juan Center, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,186
Business Information - San Juan Center, Inc in Hartford, CT
1283 Main Street
Hartford, CT 6103
Lessors of Residential Buildings and Dwellings
NAICS code 531110
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Hartford
In the Hartford area, 3 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 6) and received an average PPP loan of $282,993 (compared to this company's $46,186).
Similar Nearby Businesses Who Received PPP Funding:
Innoconn Construction Management LLC
Lexington Property Management LLC
Industry PPP Comparison Statistics
Nationwide, 28,867 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a total of $2.03B 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 8 employees, 33% higher than San Juan Center, Inc's reported 6 employees, and received an average PPP loan of $70,456, 53% higher than this company's loan of $46,186.
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Footnotes & Information
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