PPP Loan Data — Kremmling Memorial Hospital District, Kremmling, CO
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
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.
Business Information - Kremmling Memorial Hospital District in Kremmling, CO
214 South 4th Street
Kremmling, CO 80459
General Medical and Surgical Hospitals (NAICS code 622110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional 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
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.
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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