PPP Loan Data — The Arc Eastern Connecticut, Norwich, CT
The Arc Eastern Connecticut is a non-profit organization located at 125 Sachem St in Norwich, Connecticut that received a Coronavirus-related PPP loan from the SBA of $2,759,700.00 in April, 2020.
The company has reported itself as a female owned non-profit.
$ PPP Loan Information
Jobs Retained:0 Unreported
The Arc Eastern Connecticut received a Paycheck Protection Loan of $2.76M through BERKSHIRE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Arc Eastern Connecticut's total 2019 payroll expenses were approximately $13.25M in order to qualify for the PPP loan amount received.
Unlike most businesses, The Arc Eastern Connecticut's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - The Arc Eastern Connecticut in Norwich, CT
125 Sachem St
Norwich, CT 6360
Other Individual and Family Services (NAICS code 624190)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: UnreportedCongressional District: CT-02
Similar Companies near Norwich
In the Norwich area, 7 businesses in the "Other Individual and Family Services" industry received a PPP loan. These local businesses reported an average of 60 employees (compared to this company's 0) and received an average PPP loan of $1,317,030 (compared to this company's $2.76M).
Similar Nearby Businesses Who Received PPP Funding:
Martin House, Inc.
Coleman Pediatric Therapy, LLC
Hana Dunham Lmft LLC
Thames River Community Service, Inc.
United Community And Family Services, Inc.
Industry PPP Comparison Statistics
Nationwide, 15,794 businesses in the "Other Individual and Family Services" industry received a total of $2,302,146,944.00 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 17 employees, and received an average PPP loan of $145,761, 95% lower than this company's loan of $2.76M.
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Footnotes & Information
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