PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Bassett Hospital Of Schoharie County, Cobleskill, NY

SBA PPP loan data, payroll data, and salaries for Bassett Hospital Of Schoharie County
NY Nonprofit Organization

Bassett Hospital Of Schoharie County

Entity: Non-profit Organization

Industry: General Medical and Surgical Hospitals

Location: Cobleskill, NY

Search All PPP Data

Bassett Hospital Of Schoharie County is a non-profit organization located at 178 Grandview Drive in Cobleskill, New York that received a Coronavirus-related PPP loan from the SBA of $2,478,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.48M

Jobs Retained:

180

Loan Approved:

2020-04-15

Lender:

MANUFACTURERS AND TRADERS TRUST COMPANY

Bassett Hospital Of Schoharie County received a Paycheck Protection Loan of $2.48M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Bassett Hospital Of Schoharie County's total 2019 payroll expenses were approximately $11.9M in order to qualify for the PPP loan amount received.

Based on their reported 180 jobs retained, this equals an estimated average yearly compensation of $66,099 per employee1.

Because the loan received by Bassett Hospital Of Schoharie County 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 - Bassett Hospital Of Schoharie County in Cobleskill, NY

Bassett Hospital Of Schoharie County
178 Grandview Drive
Cobleskill, NY 12043

Business Industry

General Medical and Surgical Hospitals (NAICS code 622110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-19

Industry PPP Comparison Statistics

Nationwide, 6,339 businesses in the "General Medical and Surgical Hospitals" industry received a total of $3,112,462,478.00 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 40 employees, 78% lower than Bassett Hospital Of Schoharie County's reported 180 employees, and received an average PPP loan of $491,002, 80% lower than this company's loan of $2.48M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/bassett-hospital-of-schoharie-county-cobleskill-ny