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PPP Loan Data — Kremmling Memorial Hospital District, Kremmling, CO

SBA PPP loan data, payroll data, and salaries for Kremmling Memorial Hospital District
CO

Kremmling Memorial Hospital District

Entity: Corporation

Industry: General Medical and Surgical Hospitals

Location: Kremmling, CO

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Kremmling Memorial Hospital District is a corporation located at 214 South 4th Street in Kremmling, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,534,874.00 in May, 2020.

The company has reported itself as a male owned business, and employed at least 261 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.53M

Jobs Retained:

261

Loan Approved:

2020-05-03

Lender:

UNITED BUSINESS BANK

Kremmling Memorial Hospital District in Kremmling, CO received a Paycheck Protection Loan of $2.53M through UNITED BUSINESS BANK, which was approved in May, 2020.

Based on standard PPP eligibility rules, Kremmling Memorial Hospital District's total 2019 payroll expenses were approximately $12.17M in order to qualify for the PPP loan amount received.

Based on their reported 261 jobs retained, this equals an estimated average yearly compensation of $46,618 per employee1.

Because the loan received by Kremmling Memorial Hospital District 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 - Kremmling Memorial Hospital District in Kremmling, CO

Kremmling Memorial Hospital District
214 South 4th Street
Kremmling, CO 80459

Business Industry

General Medical and Surgical Hospitals (NAICS code 622110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: CO-02

Similar Companies near Kremmling

In the Kremmling area, 2 businesses in the "General Medical and Surgical Hospitals" industry received a PPP loan. These local businesses reported an average of 132 employees (compared to this company's 261) and received an average PPP loan of $1,275,146 (compared to this company's $2.53M).

Similar Nearby Businesses Who Received PPP Funding:

Middle Park Meat Company
Kremmling, CO

$15,417 PPP Loan

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, 85% lower than Kremmling Memorial Hospital District's reported 261 employees, and received an average PPP loan of $491,002, 81% lower than this company's loan of $2.53M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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/kremmling-memorial-hospital-district-kremmling-co