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PPP Loan Data — Coastal Family Health Center, Biloxi, MS

SBA PPP loan data, payroll data, and salaries for Coastal Family Health Center
MS

Coastal Family Health Center

Entity: Corporation

Industry: Administration of Public Health Programs

Location: Biloxi, MS

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Coastal Family Health Center is a corporation located at 1046 Division St in Biloxi, Mississippi that received a Coronavirus-related PPP loan from the SBA of $2,589,400.00 in April, 2020.

The company has reported itself as a female owned business, and employed at least 281 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.59M

Jobs Retained:

281

Loan Approved:

2020-04-30

Lender:

COMMUNITY BANK OF MISSISSIPPI

Coastal Family Health Center in Biloxi, MS received a Paycheck Protection Loan of $2.59M through COMMUNITY BANK OF MISSISSIPPI, which was approved in April, 2020.

Based on standard PPP eligibility rules, Coastal Family Health Center's total 2019 payroll expenses were approximately $12.43M in order to qualify for the PPP loan amount received.

Based on their reported 281 jobs retained, this equals an estimated average yearly compensation of $44,232 per employee1.

Because the loan received by Coastal Family Health Center 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 - Coastal Family Health Center in Biloxi, MS

Coastal Family Health Center
1046 Division St
Biloxi, MS 39530

Business Industry

Administration of Public Health Programs (NAICS code 923120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: FEMALE OWNED

Veteran Status: Unreported

Congressional District: MS-04

Industry PPP Comparison Statistics

Nationwide, 494 businesses in the "Administration of Public Health Programs" industry received a total of $124,700,995.00 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 24 employees, 91% lower than Coastal Family Health Center's reported 281 employees, and received an average PPP loan of $252,431, 90% lower than this company's loan of $2.59M.

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.

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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/coastal-family-health-center-biloxi-ms