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PPP Loan Data — Grant Memorial Hospital,
Petersburg, WV
Grant Memorial Hospital
Entity: Non-profit Organization
Industry: General Medical and Surgical Hospitals
Location: Petersburg, WV
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Grant Memorial Hospital is a non-profit organization located at 117 Hospital Dr in Petersburg, West Virginia that received a Coronavirus-related PPP loan from the SBA of $3,062,500.00 in April, 2020.
The company has reported itself as a male owned non-profit, and employed at least 250 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
250Loan Approved:
2020-04-04Lender:
SUMMIT COMMUNITY BANK, INC.Grant Memorial Hospital received a Paycheck Protection Loan of $3.06M through SUMMIT COMMUNITY BANK, INC., which was approved in April, 2020.
Based on standard PPP eligibility rules, Grant Memorial Hospital's total 2019 payroll expenses were approximately $14.7M 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 $58,800 per employee1.
Business Information - Grant Memorial Hospital in Petersburg, WV
117 Hospital Dr
Petersburg, WV 26847
Business Industry
General Medical and Surgical Hospitals (NAICS code 622110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: WV-01Industry 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 Grant Memorial Hospital's reported 250 employees, and received an average PPP loan of $491,002, 84% lower than this company's loan of $3.06M.
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.
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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