PPP Loan Data — Big Sandy Health Care Inc, Prestonsburg, KY
Big Sandy Health Care Inc
Location: Prestonsburg, KYTweet This • Search All PPP Data
Big Sandy Health Care Inc is a corporation located at 1709 Ky Route 321 in Prestonsburg, Kentucky that received a Coronavirus-related PPP loan from the SBA of $3,053,300.00 in April, 2020.
$ PPP Loan Information
Lender:COMMUNITY TRUST BANK, INC.
Big Sandy Health Care Inc in Prestonsburg, KY received a Paycheck Protection Loan of $3.05M through COMMUNITY TRUST BANK, INC., which was approved in April, 2020.
Based on standard PPP eligibility rules, Big Sandy Health Care Inc's total 2019 payroll expenses were approximately $14.66M in order to qualify for the PPP loan amount received.
Based on their reported 216 jobs retained, this equals an estimated average yearly compensation of $67,851 per employee1.
Business Information - Big Sandy Health Care Inc in Prestonsburg, KY
1709 Ky Route 321
Prestonsburg, KY 41653
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: KY-05
Similar Companies near Prestonsburg
In the Prestonsburg area, 12 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 216) and received an average PPP loan of $317,936 (compared to this company's $3.05M).
Similar Nearby Businesses Who Received PPP Funding:
Beyou Medical Spa, LLC
Ayesha M Sikder, MD, LLC
Children's Care Of Eastern Kentucky
Eastern Kentucky Tender Care Pediatrics, LLC
Kirti K Jain MD Psc DBA
Michael D Goble, MD
Mannan, MD Medical Clinic, LLC
Best Practice Family Health
Industry PPP Comparison Statistics
Nationwide, 114,302 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $15,789,256,580.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 95% lower than Big Sandy Health Care Inc's reported 216 employees, and received an average PPP loan of $138,136, 95% lower than this company's loan of $3.05M.
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, and is published unmodified, as provided by the SBA.
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.
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