PPP Loan Data — Escambia County Healthcare Authority, Brewton, AL
Escambia County Healthcare Authority is a non-profit organization located at 1301 Belleville Ave D. W. Mcmillan Memorial Hospital in Brewton, Alabama that received a Coronavirus-related PPP loan from the SBA of $2,673,357.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Trustmark National Bank
Escambia County Healthcare Authority in Brewton, AL received a Paycheck Protection Loan of $2.67M through Trustmark National Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.Read More
Understanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.Read More
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, Escambia County Healthcare Authority's 2019 payroll expenses are estimated to be at least $12.83M.
Based on their reported 280 jobs retained, this equals an estimated average yearly compensation of $45,829 per employee1
Reported PPP Proceed Usage:
On the PPP application, Escambia County Healthcare Authority reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,673,357
Business Information - Escambia County Healthcare Authority in Brewton, AL
1301 Belleville Ave D. W. Mcmillan Memorial Hospital
Brewton, AL 36426
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, 87% lower than Escambia County Healthcare Authority's reported 280 employees, and received an average PPP loan of $385,289, 86% lower than this company's loan of $2.67M.
FederalPay's PPP Information Policy
Footnotes & Information
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