Cheyenne County Hospital Association, Inc in Sidney, NE - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Cheyenne County Hospital Association, Inc, Sidney, NE

NE Nonprofit Organization

Cheyenne County Hospital Association, Inc

Entity: Non-profit Organization

Industry: General Medical and Surgical Hospitals

Location: Sidney, NE

Cheyenne County Hospital Association, Inc is a non-profit organization located at 1000 Pole Creek Crossing in Sidney, Nebraska that received a Coronavirus-related PPP loan from the SBA of $5,796,700.00 in April, 2020.

The company has reported itself as a White male owned non-profit, and employed at least 411 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$5.8M

Jobs Retained:

411

Loan Approved:

2020-04-04

Lender:

POINTS WEST COMMUNITY BANK

Cheyenne County Hospital Association, Inc in Sidney, NE received a Paycheck Protection Loan of $5.8M through POINTS WEST COMMUNITY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Cheyenne County Hospital Association, Inc's total 2019 payroll expenses were approximately $27.82M in order to qualify for the PPP loan amount received.

Based on their reported 411 jobs retained, this equals an estimated average yearly compensation of $67,699 per employee¹.

Because the loan received by Cheyenne County Hospital Association, 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 - Cheyenne County Hospital Association, Inc in Sidney, NE

Cheyenne County Hospital Association, Inc
1000 Pole Creek Crossing
Sidney, NE 69162

Business Industry

General Medical and Surgical Hospitals (NAICS code 622110)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: NE-03

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 Cheyenne County Hospital Association, Inc's reported 411 employees, and received an average PPP loan of $491,002, 92% lower than this company's loan of $5.8M.

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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