PPP Loan Data — Hospital Service District No. 1 Of The Parish Of Tangipahoa,, Hammond, LA
Hospital Service District No. 1 Of The Parish Of Tangipahoa,
Entity: Non-profit Organization
Location: Hammond, LATweet This • Search All PPP Data
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
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.
Business Information - Hospital Service District No. 1 Of The Parish Of Tangipahoa, in Hammond, LA
15790 Paul Vega Md Dr
Hammond, LA 70403
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Neuroscience And Pain Institute, LLC
North Oaks Pediatric Clinic LLP
CSS Of Hammond
Wound Care Associates, LLC
Northshore Eye Associates, LLC
North Oaks Physician Group, LLC
Gastroenterology Anesthesia LLC
North Oaks Internal Medicine Associates, LLC
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.
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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