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PPP Loan Data — Bisbee Hospital Association, Bisbee, AZ

SBA PPP loan data, payroll data, and salaries for Bisbee Hospital Association
AZ Nonprofit Organization

Bisbee Hospital Association

Entity: Non-profit Organization

Industry: General Medical and Surgical Hospitals

Location: Bisbee, AZ

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Bisbee Hospital Association is a non-profit organization located at 101 Cole Avenue in Bisbee, Arizona that received a Coronavirus-related PPP loan from the SBA of $4,184,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.18M

Jobs Retained:

253

Loan Approved:

2020-04-11

Lender:

ZIONS BANK, A DIVISION OF

Bisbee Hospital Association in Bisbee, AZ received a Paycheck Protection Loan of $4.18M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, Bisbee Hospital Association's total 2019 payroll expenses were approximately $20.09M in order to qualify for the PPP loan amount received.

Based on their reported 253 jobs retained, this equals an estimated average yearly compensation of $79,390 per employee1.

Because the loan received by Bisbee Hospital Association 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 - Bisbee Hospital Association in Bisbee, AZ

Bisbee Hospital Association
101 Cole Avenue
Bisbee, AZ 85603

Business Industry

General Medical and Surgical Hospitals (NAICS code 622110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: AZ-02

Similar Companies near Bisbee

In the Bisbee area, 2 businesses in the "General Medical and Surgical Hospitals" industry received a PPP loan. These local businesses reported an average of 207 employees (compared to this company's 253) and received an average PPP loan of $2,829,200 (compared to this company's $4.18M).

Similar Nearby Businesses Who Received PPP Funding:

Benson Hospital Corp
Benson, AZ

$1.47M PPP Loan

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, 84% lower than Bisbee Hospital Association's reported 253 employees, and received an average PPP loan of $491,002, 88% lower than this company's loan of $4.18M.

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.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/bisbee-hospital-association-bisbee-az