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PPP Loan Data — Houlton Regional Hospital, Houlton, ME

SBA PPP loan data, payroll data, and salaries for Houlton Regional Hospital
ME Nonprofit Organization

Houlton Regional Hospital

Entity: Non-profit Organization

Industry: General Medical and Surgical Hospitals

Location: Houlton, ME

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Houlton Regional Hospital is a non-profit organization located at 20 Hartford St in Houlton, Maine that received a Coronavirus-related PPP loan from the SBA of $3,710,900.00 in April, 2020.

The company has reported itself as a White female owned non-profit, and employed at least 250 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.71M

Jobs Retained:

250

Loan Approved:

2020-04-04

Lender:

KATAHDIN TRUST CO.

Houlton Regional Hospital received a Paycheck Protection Loan of $3.71M through KATAHDIN TRUST CO., which was approved in April, 2020.

Based on standard PPP eligibility rules, Houlton Regional Hospital's total 2019 payroll expenses were approximately $17.81M in order to qualify for the PPP loan amount received.

Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $71,249 per employee1.

Because the loan received by Houlton Regional Hospital 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 - Houlton Regional Hospital in Houlton, ME

Houlton Regional Hospital
20 Hartford St
Houlton, ME 4730

Business Industry

General Medical and Surgical Hospitals (NAICS code 622110)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: FEMALE OWNED

Veteran Status: Unreported

Congressional District: ME-02

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, 84% lower than Houlton Regional Hospital's reported 250 employees, and received an average PPP loan of $491,002, 87% lower than this company's loan of $3.71M.

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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Source: www.federalpay.org/paycheck-protection-program/houlton-regional-hospital-houlton-me