PPP Loan Data — Coastal Family Health Center, Biloxi, MS
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
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.
Business Information - Coastal Family Health Center in Biloxi, MS
1046 Division St
Biloxi, MS 39530
Administration of Public Health Programs (NAICS code 923120)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: UnreportedCongressional 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.
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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