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

PPP Loan Data — Chenango Memorial Hospital, Inc., Norwich, NY

SBA PPP loan data, payroll data, and salaries for Chenango Memorial Hospital, Inc.
NY Nonprofit Organization

Chenango Memorial Hospital, Inc.

Entity: Non-profit Organization

Industry: Specialty (except Psychiatric and Substance Abuse) Hospitals

Location: Norwich, NY

Search All PPP Data

Chenango Memorial Hospital, Inc. is a non-profit organization located at 179 Broad St in Norwich, New York that received a Coronavirus-related PPP loan from the SBA of $5,506,900.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.51M

Jobs Retained:

358

Loan Approved:

2020-04-11

Lender:

NBT BANK, NATIONAL ASSOCIATION

Chenango Memorial Hospital, Inc. received a Paycheck Protection Loan of $5.51M through NBT BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Chenango Memorial Hospital, Inc.'s total 2019 payroll expenses were approximately $26.43M in order to qualify for the PPP loan amount received.

Based on their reported 358 jobs retained, this equals an estimated average yearly compensation of $73,836 per employee1.

Because the loan received by Chenango Memorial Hospital, Inc. 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 - Chenango Memorial Hospital, Inc. in Norwich, NY

Chenango Memorial Hospital, Inc.
179 Broad St
Norwich, NY 13815

Business Industry

Specialty (except Psychiatric and Substance Abuse) Hospitals (NAICS code 622310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-22

Industry PPP Comparison Statistics

Nationwide, 1,042 businesses in the "Specialty (except Psychiatric and Substance Abuse) Hospitals" industry received a total of $329,966,547.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 26 employees, 93% lower than Chenango Memorial Hospital, Inc.'s reported 358 employees, and received an average PPP loan of $316,667, 94% lower than this company's loan of $5.51M.

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/chenango-memorial-hospital-inc-norwich-ny