PPP Loan Data — Buena Vista Regional Medical Center, Storm Lake, IA
Buena Vista Regional Medical Center is a non-profit organization located at 1525 W 5th St in Storm Lake, Iowa that received a Coronavirus-related PPP loan from the SBA of $5,174,715.00 in April, 2020.
The company has reported itself as a White male owned non-profit, and employed at least 412 people during the applicable loan loan period.
$ PPP Loan Information
Buena Vista Regional Medical Center in Storm Lake, IA received a Paycheck Protection Loan of $5.17M through CENTRAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Buena Vista Regional Medical Center's total 2019 payroll expenses were approximately $24.84M in order to qualify for the PPP loan amount received.
Based on their reported 412 jobs retained, this equals an estimated average yearly compensation of $60,288 per employee1.
Business Information - Buena Vista Regional Medical Center in Storm Lake, IA
1525 W 5th St
Storm Lake, IA 50588
General Medical and Surgical Hospitals (NAICS code 622110)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: IA-04
Similar Companies near Storm Lake
In the Storm Lake area, 2 businesses in the "General Medical and Surgical Hospitals" industry received a PPP loan. These local businesses reported an average of 208 employees (compared to this company's 412) and received an average PPP loan of $2,629,024 (compared to this company's $5.17M).
Similar Nearby Businesses Who Received PPP Funding:
Buena Vista Anesthesia Associates
Storm Lake, IA
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, 90% lower than Buena Vista Regional Medical Center's reported 412 employees, and received an average PPP loan of $491,002, 91% lower than this company's loan of $5.17M.
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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