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PPP Loan Data — Fairfield Memorial Hospital Association, Fairfield, IL

SBA PPP loan data, payroll data, and salaries for Fairfield Memorial Hospital Association
IL Nonprofit Organization

Fairfield Memorial Hospital Association

Entity: Non-profit Organization

Industry: General Medical and Surgical Hospitals

Location: Fairfield, IL

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Fairfield Memorial Hospital Association is a non-profit organization located at 303 Nw 11th St. in Fairfield, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,782,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.78M

Jobs Retained:

250

Loan Approved:

2020-04-04

Lender:

LEGENCE BANK

Fairfield Memorial Hospital Association in Fairfield, IL received a Paycheck Protection Loan of $2.78M through LEGENCE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Fairfield Memorial Hospital Association's total 2019 payroll expenses were approximately $13.36M in order to qualify for the PPP loan amount received.

Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $53,422 per employee1.

Because the loan received by Fairfield Memorial Hospital Association 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 - Fairfield Memorial Hospital Association in Fairfield, IL

Fairfield Memorial Hospital Association
303 Nw 11th St.
Fairfield, IL 62837

Business Industry

General Medical and Surgical Hospitals (NAICS code 622110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IL-15

Similar Companies near Fairfield

In the Fairfield area, 2 businesses in the "General Medical and Surgical Hospitals" industry received a PPP loan. These local businesses reported an average of 132 employees (compared to this company's 250) and received an average PPP loan of $1,392,313 (compared to this company's $2.78M).

Similar Nearby Businesses Who Received PPP Funding:

Fairfield Chiropractic Clinic LLC
Fairfield, IL

$2,225 PPP Loan

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, 84% lower than Fairfield Memorial Hospital Association's reported 250 employees, and received an average PPP loan of $491,002, 82% lower than this company's loan of $2.78M.

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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Source: www.federalpay.org/paycheck-protection-program/fairfield-memorial-hospital-association-fairfield-il