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PPP Loan Data — Goshen Medical Center, Inc., Faison, NC

SBA PPP loan data, payroll data, and salaries for Goshen Medical Center, Inc.
NC Nonprofit Organization

Goshen Medical Center, Inc.

Entity: Non-profit Organization

Industry: Offices of All Other Miscellaneous Health Practitioners

Location: Faison, NC

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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

Loan Size:

$3.59M

Jobs Retained:

337

Loan Approved:

2020-04-15

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.

Because the loan received by Goshen Medical Center, Inc. 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 - Goshen Medical Center, Inc. in Faison, NC

Goshen Medical Center, Inc.
412 Sw Center St
Faison, NC 28341

Business Industry

Offices of All Other Miscellaneous Health Practitioners (NAICS code 621399)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: Unreported

Congressional 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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/goshen-medical-center-inc-faison-nc