PPP Loan Data — Lincoln Medical Center, Fayetteville, TN
Lincoln Medical Center is a corporation located at 106 Medical Center Boulevard in Fayetteville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $3,222,600.00 in April, 2020.
$ PPP Loan Information
Lincoln Medical Center in Fayetteville, TN received a Paycheck Protection Loan of $3.22M through FIRSTBANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lincoln Medical Center's total 2019 payroll expenses were approximately $15.47M in order to qualify for the PPP loan amount received.
Based on their reported 254 jobs retained, this equals an estimated average yearly compensation of $60,900 per employee1.
Business Information - Lincoln Medical Center in Fayetteville, TN
106 Medical Center Boulevard
Fayetteville, TN 37334
General Medical and Surgical Hospitals (NAICS code 622110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TN-04
Similar Companies near Fayetteville
In the Fayetteville area, 3 businesses in the "General Medical and Surgical Hospitals" industry received a PPP loan. These local businesses reported an average of 152 employees (compared to this company's 254) and received an average PPP loan of $1,698,005 (compared to this company's $3.22M).
Similar Nearby Businesses Who Received PPP Funding:
Lincoln Care Center
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 Lincoln Medical Center's reported 254 employees, and received an average PPP loan of $491,002, 85% lower than this company's loan of $3.22M.
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Footnotes & Information
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