PPP Loan Data — Waveny Lifecare Network Inc, New Canaan, CT
Waveny Lifecare Network Inc
Entity: Non-profit Organization
Location: New Canaan, CTTweet This • Search All PPP Data
Waveny Lifecare Network Inc is a non-profit organization located at 3 Farm Rd in New Canaan, Connecticut that received a Coronavirus-related PPP loan from the SBA of $2,578,200.00 in April, 2020.
$ PPP Loan Information
Lender:PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION
Waveny Lifecare Network Inc received a Paycheck Protection Loan of $2.58M through PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Waveny Lifecare Network Inc's total 2019 payroll expenses were approximately $12.38M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $49,501 per employee1.
Business Information - Waveny Lifecare Network Inc in New Canaan, CT
3 Farm Rd
New Canaan, CT 6840
Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CT-04
Industry PPP Comparison Statistics
Nationwide, 9,872 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $5,508,018,433.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 66 employees, 74% lower than Waveny Lifecare Network Inc's reported 250 employees, and received an average PPP loan of $557,944, 78% lower than this company's loan of $2.58M.
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