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PPP Loan Data — Hendry County Hospital Authority, Clewiston, FL

SBA PPP loan data, payroll data, and salaries for Hendry County Hospital Authority
FL Nonprofit Organization

Hendry County Hospital Authority

Entity: Non-profit Organization

Industry: General Medical and Surgical Hospitals

Location: Clewiston, FL

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Hendry County Hospital Authority is a non-profit organization located at 524 W Sagamore Ave in Clewiston, Florida that received a Coronavirus-related PPP loan from the SBA of $2,945,700.00 in April, 2020.

The company has reported itself as a White male owned non-profit, and employed at least 277 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.95M

Jobs Retained:

277

Loan Approved:

2020-04-08

Lender:

FIRST BANK

Hendry County Hospital Authority received a Paycheck Protection Loan of $2.95M through FIRST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Hendry County Hospital Authority's total 2019 payroll expenses were approximately $14.14M in order to qualify for the PPP loan amount received.

Based on their reported 277 jobs retained, this equals an estimated average yearly compensation of $51,045 per employee1.

Because the loan received by Hendry County Hospital Authority 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 - Hendry County Hospital Authority in Clewiston, FL

Hendry County Hospital Authority
524 W Sagamore Ave
Clewiston, FL 33440

Business Industry

General Medical and Surgical Hospitals (NAICS code 622110)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: FL-25

Similar Companies near Clewiston

In the Clewiston area, 2 businesses in the "General Medical and Surgical Hospitals" industry received a PPP loan. These local businesses reported an average of 141 employees (compared to this company's 277) and received an average PPP loan of $1,488,972 (compared to this company's $2.95M).

Similar Nearby Businesses Who Received PPP Funding:

Smileperfect Deerfield Inc.
Deerfield Beach, FL

$32,244 PPP Loan

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, 86% lower than Hendry County Hospital Authority's reported 277 employees, and received an average PPP loan of $491,002, 83% lower than this company's loan of $2.95M.

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.

Search FederalPay's Full PPP Loan Database

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/hendry-county-hospital-authority-clewiston-fl