PPP Loan Data — Community Memorial Healthcare Inc, Marysville, KS
Community Memorial Healthcare Inc is a non-profit organization located at 708 N 18th St in Marysville, Kansas that received a Coronavirus-related PPP loan from the SBA of $2,189,100.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:United Bank & Trust
Community Memorial Healthcare Inc in Marysville, KS received a Paycheck Protection Loan of $2.19M through United Bank & Trust, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Community Memorial Healthcare Inc's 2019 payroll expenses are estimated to be at least $10.51M.
Based on their reported 167 jobs retained, this equals an estimated average yearly compensation of $62,920 per employee1
Reported PPP Proceed Usage:
On the PPP application, Community Memorial Healthcare Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,641,825
- Utilities: $273,637
- Mortgage Interest: $273,638
Business Information - Community Memorial Healthcare Inc in Marysville, KS
708 N 18th St
Marysville, KS 66508
General Medical and Surgical Hospitals
NAICS code 622110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 9,269 businesses in the "General Medical and Surgical Hospitals" industry received a total of $3.57B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 36 employees, 78% lower than Community Memorial Healthcare Inc's reported 167 employees, and received an average PPP loan of $385,289, 82% lower than this company's loan of $2.19M.
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Footnotes & Information
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