PPP Loan Data — Welllife Network Inc., Flushing, NY
Welllife Network Inc.
Location: Flushing, NYTweet This • Search All PPP Data
Welllife Network Inc. is a partnership located at 142-02 20th Avenue in Flushing, New York that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
$ PPP Loan Information
Lender:TD BANK, NATIONAL ASSOCIATION
Welllife Network Inc. received a Paycheck Protection Loan of $10M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Welllife Network Inc.'s total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1.
Business Information - Welllife Network Inc. in Flushing, NY
142-02 20th Avenue
Flushing, NY 11351
Residential Intellectual and Developmental Disability Facilities (NAICS code 623210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-14
Industry PPP Comparison Statistics
Nationwide, 1,775 businesses in the "Residential Intellectual and Developmental Disability Facilities" industry received a total of $836,841,517.00 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 61 employees, 88% lower than Welllife Network Inc.'s reported 500 employees, and received an average PPP loan of $471,460, 95% lower than this company's loan of $10M.
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Footnotes & Information
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