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PPP Loan Data — Hospital Service District No. 1 Of The Parish Of Tangipahoa,, Hammond, LA

SBA PPP loan data, payroll data, and salaries for Hospital Service District No. 1 Of The Parish Of Tangipahoa,
LA Nonprofit Organization

Hospital Service District No. 1 Of The Parish Of Tangipahoa,

Entity: Non-profit Organization

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Hammond, LA

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Hospital Service District No. 1 Of The Parish Of Tangipahoa, is a non-profit organization located at 15790 Paul Vega Md Dr in Hammond, Louisiana that received a Coronavirus-related PPP loan from the SBA of $4,759,589.00 in April, 2020.

The company has reported itself as a female owned non-profit, and employed at least 434 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.76M

Jobs Retained:

434

Loan Approved:

2020-04-29

Lender:

FIRST GUARANTY BANK

Hospital Service District No. 1 Of The Parish Of Tangipahoa, received a Paycheck Protection Loan of $4.76M through FIRST GUARANTY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Hospital Service District No. 1 Of The Parish Of Tangipahoa,'s total 2019 payroll expenses were approximately $22.85M in order to qualify for the PPP loan amount received.

Based on their reported 434 jobs retained, this equals an estimated average yearly compensation of $52,641 per employee1.

Because the loan received by Hospital Service District No. 1 Of The Parish Of Tangipahoa, 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 - Hospital Service District No. 1 Of The Parish Of Tangipahoa, in Hammond, LA

Hospital Service District No. 1 Of The Parish Of Tangipahoa,
15790 Paul Vega Md Dr
Hammond, LA 70403

Business Industry

Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: FEMALE OWNED

Veteran Status: Unreported

Congressional District: LA-01

Similar Companies near Hammond

In the Hammond area, 25 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 434) and received an average PPP loan of $498,764 (compared to this company's $4.76M).

Industry PPP Comparison Statistics

Nationwide, 114,302 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $15,789,256,580.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.

PPP recipients in this industry report an average of 10 employees, 98% lower than Hospital Service District No. 1 Of The Parish Of Tangipahoa,'s reported 434 employees, and received an average PPP loan of $138,136, 97% lower than this company's loan of $4.76M.

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.

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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/hospital-service-district-no-1-of-the-parish-of-tangipahoa-hammond-la