PPP Loan Data — Mary Bird Perkins Cancer Center, Baton Rouge, LA

LA Nonprofit Organization

Mary Bird Perkins Cancer Center

Entity: Non-profit Organization

Industry: Specialty (except Psychiatric and Substance Abuse) Hospitals

Location: Baton Rouge, LA

Mary Bird Perkins Cancer Center is a non-profit organization located at 4950 Essen Ln in Baton Rouge, Louisiana that received a Coronavirus-related PPP loan from the SBA of $5,101,800.00 in April, 2020.

$ PPP Loan Information
Loan #2455967104

Loan Size:

$5.1M

Jobs Retained:

303

Loan Approved:

2020-04-10

Loan Status:

Paid in Full or Forgiven

Lender:

Hancock Whitney Bank

Mary Bird Perkins Cancer Center in Baton Rouge, LA received a Paycheck Protection Loan of $5.1M through Hancock Whitney 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 July, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

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, Mary Bird Perkins Cancer Center's 2019 payroll expenses are estimated to be at least $24.49M.

Based on their reported 303 jobs retained, this equals an estimated average yearly compensation of $80,821 per employee¹

Reported PPP Proceed Usage:

On the PPP application, Mary Bird Perkins Cancer Center reported intending to use the proceeds of their PPP loan for the following expenses:

Payroll: $5,101,800

Because the loan received by Mary Bird Perkins Cancer Center 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 - Mary Bird Perkins Cancer Center in Baton Rouge, LA

Mary Bird Perkins Cancer Center
4950 Essen Ln
Baton Rouge, LA 70809

Business Industry:
Specialty (except Psychiatric and Substance Abuse) Hospitals
NAICS code 622310

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

East Baton Rouge County, LA — SBA Office 0679 — Congressional District: LA-06

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Mary Bird Perkins Cancer Center.

Hematology Oncology Associates Of
Offices of Physicians (except Mental Health Specialists)

$145,833 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,476 businesses in the "Specialty (except Psychiatric and Substance Abuse) Hospitals" industry received a total of $390.21M 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 25 employees, 92% lower than Mary Bird Perkins Cancer Center's reported 303 employees, and received an average PPP loan of $264,373, 95% lower than this company's loan of $5.1M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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