PPP Loan Data — Hocking Valley Community Hospital, Logan, OH
Hocking Valley Community Hospital is a corporation located at 601 State Route 664 in Logan, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,659,562.00 in April, 2020.
$ PPP Loan Information
Lender:THE MERCHANTS NATIONAL BANK
Hocking Valley Community Hospital received a Paycheck Protection Loan of $3.66M through THE MERCHANTS NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Hocking Valley Community Hospital's total 2019 payroll expenses were approximately $17.57M in order to qualify for the PPP loan amount received.
Based on their reported 331 jobs retained, this equals an estimated average yearly compensation of $53,069 per employee1.
Business Information - Hocking Valley Community Hospital in Logan, OH
601 State Route 664
Logan, OH 43138
General Medical and Surgical Hospitals (NAICS code 622110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-15
Similar Companies near Logan
In the Logan area, 3 businesses in the "General Medical and Surgical Hospitals" industry received a PPP loan. These local businesses reported an average of 115 employees (compared to this company's 331) and received an average PPP loan of $1,285,148 (compared to this company's $3.66M).
Similar Nearby Businesses Who Received PPP Funding:
Hocking Hills Crafts And More, LLC
Hocking Valley Medical Group
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, 88% lower than Hocking Valley Community Hospital's reported 331 employees, and received an average PPP loan of $491,002, 87% lower than this company's loan of $3.66M.
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Footnotes & Information
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