PPP Loan Data — Knoxville Community Hospital, Inc, Knoxville, IA
Knoxville Community Hospital, Inc is a professional association located at 11002 S. Lincoln St. in Knoxville, Iowa that received a Coronavirus-related PPP loan from the SBA of $2,488,715.00 in April, 2020.
The company has reported itself as a male veteran owned business, and employed at least 207 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Marion County State Bank
Knoxville Community Hospital, Inc in Knoxville, IA received a Paycheck Protection Loan of $2.49M through Marion County State Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Knoxville Community Hospital, Inc's 2019 payroll expenses are estimated to be at least $11.95M.
Based on their reported 207 jobs retained, this equals an estimated average yearly compensation of $57,709 per employee1
Reported PPP Proceed Usage:
On the PPP application, Knoxville Community Hospital, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,488,715
Business Information - Knoxville Community Hospital, Inc in Knoxville, IA
11002 S. Lincoln St.
Knoxville, IA 50138
General Medical and Surgical Hospitals
NAICS code 622110
Business Owner Demographics
Gender: Male Owned
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 9,269 businesses in the "General Medical and Surgical Hospitals" industry received a total of $3.57B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 36 employees, 83% lower than Knoxville Community Hospital, Inc's reported 207 employees, and received an average PPP loan of $385,289, 85% lower than this company's loan of $2.49M.
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Footnotes & Information
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