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PPP Loan Data — Harrison Memorial Hospital,
Cynthiana, KY
Harrison Memorial Hospital
Entity: Non-profit Organization
Industry: Business Associations
Location: Cynthiana, KY
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Harrison Memorial Hospital is a non-profit organization located at 1213 Ky Hwy 36 E in Cynthiana, Kentucky that received a Coronavirus-related PPP loan from the SBA of $5,859,300.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
465Loan Approved:
2020-04-08Lender:
KENTUCKY BANKHarrison Memorial Hospital received a Paycheck Protection Loan of $5.86M through KENTUCKY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Harrison Memorial Hospital's total 2019 payroll expenses were approximately $28.12M in order to qualify for the PPP loan amount received.
Based on their reported 465 jobs retained, this equals an estimated average yearly compensation of $60,483 per employee1.
Business Information - Harrison Memorial Hospital in Cynthiana, KY
1213 Ky Hwy 36 E
Cynthiana, KY 41031
Business Industry
Business Associations (NAICS code 813910)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: KY-04Similar Companies near Cynthiana
In the Cynthiana area, 3 businesses in the "Business Associations" industry received a PPP loan. These local businesses reported an average of 158 employees (compared to this company's 465) and received an average PPP loan of $1,963,579 (compared to this company's $5.86M).
Similar Nearby Businesses Who Received PPP Funding:
Total Agricultural Services Of Kentucky, Inc.
Cynthiana, KY
For Hank's Sake
Cynthiana, KY
Industry PPP Comparison Statistics
Nationwide, 4,372 businesses in the "Business Associations" industry received a total of $459,024,867.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 9 employees, 98% lower than Harrison Memorial Hospital's reported 465 employees, and received an average PPP loan of $104,992, 98% lower than this company's loan of $5.86M.
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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