PPP Loan Data — Cabin Creek Health Systems, Inc., Charleston, WV
Cabin Creek Health Systems, Inc.
Entity: Non-profit Organization
Location: Charleston, WVTweet This • Search All PPP Data
Cabin Creek Health Systems, Inc. is a non-profit organization located at 104 Alex Lane in Charleston, West Virginia that received a Coronavirus-related PPP loan from the SBA of $2,458,000.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Cabin Creek Health Systems, Inc. in Charleston, WV received a Paycheck Protection Loan of $2.46M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Cabin Creek Health Systems, Inc.'s total 2019 payroll expenses were approximately $11.8M in order to qualify for the PPP loan amount received.
Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $58,992 per employee1.
Business Information - Cabin Creek Health Systems, Inc. in Charleston, WV
104 Alex Lane
Charleston, WV 25304
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WV-02
Similar Companies near Charleston
In the Charleston area, 46 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 200) and received an average PPP loan of $222,766 (compared to this company's $2.46M).
Similar Nearby Businesses Who Received PPP Funding:
Mountaineer Family Medicine Inc
Charleston Gastroenterology Associates PLLC
H Richard Reynolds, MD
William L Harris, MD, PLLC
Women Care Clinic, Inc.
South Charleston, WV
Kanawha Nephrology, Inc.
Thoracic & Cardiovascular Assoc Inc
Mountaineer Cardiology LLC
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 Cabin Creek Health Systems, Inc.'s reported 200 employees, and received an average PPP loan of $138,136, 94% lower than this company's loan of $2.46M.
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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