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PPP Loan Data — Grayson County Hospital Foundation, Leitchfield, KY

SBA PPP loan data, payroll data, and salaries for Grayson County Hospital Foundation
KY Nonprofit Organization

Grayson County Hospital Foundation

Entity: Non-profit Organization

Industry: General Medical and Surgical Hospitals

Location: Leitchfield, KY

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Grayson County Hospital Foundation is a non-profit organization located at 910 Wallace Ave in Leitchfield, Kentucky that received a Coronavirus-related PPP loan from the SBA of $3,731,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.73M

Jobs Retained:

459

Loan Approved:

2020-04-06

Lender:

THE CECILIAN BANK

Grayson County Hospital Foundation in Leitchfield, KY received a Paycheck Protection Loan of $3.73M through THE CECILIAN BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Grayson County Hospital Foundation's total 2019 payroll expenses were approximately $17.91M in order to qualify for the PPP loan amount received.

Based on their reported 459 jobs retained, this equals an estimated average yearly compensation of $39,021 per employee1.

Because the loan received by Grayson County Hospital Foundation 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 - Grayson County Hospital Foundation in Leitchfield, KY

Grayson County Hospital Foundation
910 Wallace Ave
Leitchfield, KY 42754

Business Industry

General Medical and Surgical Hospitals (NAICS code 622110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: KY-02

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, 91% lower than Grayson County Hospital Foundation's reported 459 employees, and received an average PPP loan of $491,002, 87% lower than this company's loan of $3.73M.

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/grayson-county-hospital-foundation-leitchfield-ky