PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — George County Hospital, Lucedale, MS

ALERT: There are 2 PPP loans for a total of $4.51M in our database for businesses with the name "George County Hospital" in Lucedale, MS. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for George County Hospital
MS

George County Hospital

Entity: Cooperative

Industry: General Medical and Surgical Hospitals

Location: Lucedale, MS

Search All PPP Data

George County Hospital is a cooperative located at 859 Winter St in Lucedale, Mississippi that received a Coronavirus-related PPP loan from the SBA of $4,000,892.00 in April, 2020.

$ PPP Loan Information
Loan #2737057100

Loan Size:

$4M

Jobs Retained:

365

Loan Approved:

2020-04-11

Loan Status:

Paid in Full or Forgiven

Lender:

Century Bank

George County Hospital in Lucedale, MS received a Paycheck Protection Loan of $4M through Century Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.

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, George County Hospital's 2019 payroll expenses are estimated to be at least $19.2M.

Based on their reported 365 jobs retained, this equals an estimated average yearly compensation of $52,614 per employee1

Reported PPP Proceed Usage:

On the PPP application, George County Hospital reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $4,000,892
Because the loan received by George County Hospital 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 - George County Hospital in Lucedale, MS

George County Hospital
859 Winter St
Lucedale, MS 39452

Business Industry:
General Medical and Surgical Hospitals
NAICS code 622110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Jackson County, MS — SBA Office 0470 — Congressional District: MS-04

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as George County Hospital.

George Regional Health & Rehab
Specialty (except Psychiatric and Substance Abuse) Hospitals

$366,947 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 9,170 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, 90% lower than George County Hospital's reported 365 employees, and received an average PPP loan of $389,204, 90% lower than this company's loan of $4M.

SBA PPP loan data, payroll data, and salaries for George County Hospital
MS

George County Hospital

Entity: Cooperative

Industry: General Medical and Surgical Hospitals

Location: Lucedale, MS

Search All PPP Data

George County Hospital is a cooperative located at 859 Winter St in Lucedale, Mississippi that received a Coronavirus-related PPP loan from the SBA of $510,600.00 in April, 2020.

$ PPP Loan Information
Loan #2587137104

Loan Size:

$510,600

Jobs Retained:

58

Loan Approved:

2020-04-10

Loan Status:

Paid in Full or Forgiven

Lender:

Century Bank

George County Hospital in Lucedale, MS received a Paycheck Protection Loan of $510,600 through Century Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.

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, George County Hospital's 2019 payroll expenses are estimated to be at least $2.45M.

Based on their reported 58 jobs retained, this equals an estimated average yearly compensation of $42,257 per employee1

Reported PPP Proceed Usage:

On the PPP application, George County Hospital reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $510,600

Business Information - George County Hospital in Lucedale, MS

George County Hospital
859 Winter St
Lucedale, MS 39452

Business Industry:
General Medical and Surgical Hospitals
NAICS code 622110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Jackson County, MS — SBA Office 0470 — Congressional District: MS-04

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as George County Hospital.

George Regional Health & Rehab
Specialty (except Psychiatric and Substance Abuse) Hospitals

$366,947 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 9,170 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, 38% lower than George County Hospital's reported 58 employees, and received an average PPP loan of $389,204, 24% lower than this company's loan of $510,600.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/george-county-hospital-lucedale-ms