PPP Loan Data — Goshen Medical Center, Inc., Faison, NC
Goshen Medical Center, Inc.
Entity: Non-profit Organization
Location: Faison, NCTweet This • Search All PPP Data
Goshen Medical Center, Inc. is a non-profit organization located at 412 Sw Center St in Faison, North Carolina that received a Coronavirus-related PPP loan from the SBA of $3,591,483.00 in April, 2020.
The company has reported itself as a White male owned non-profit, and employed at least 337 people during the applicable loan loan period.
$ PPP Loan Information
Lender:SOUTHERN BANK AND TRUST COMPANY
Goshen Medical Center, Inc. in Faison, NC received a Paycheck Protection Loan of $3.59M through SOUTHERN BANK AND TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Goshen Medical Center, Inc.'s total 2019 payroll expenses were approximately $17.24M in order to qualify for the PPP loan amount received.
Based on their reported 337 jobs retained, this equals an estimated average yearly compensation of $51,155 per employee1.
Business Information - Goshen Medical Center, Inc. in Faison, NC
412 Sw Center St
Faison, NC 28341
Offices of All Other Miscellaneous Health Practitioners (NAICS code 621399)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: NC-07
Industry PPP Comparison Statistics
Nationwide, 30,902 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a total of $1,607,882,026.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 99% lower than Goshen Medical Center, Inc.'s reported 337 employees, and received an average PPP loan of $52,032, 99% lower than this company's loan of $3.59M.
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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