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

SBA PPP loan data, payroll data, and salaries for Mary Bird Perkins Cancer Center
LA Nonprofit Organization

Mary Bird Perkins Cancer Center

Entity: Non-profit Organization

Industry: Specialty (except Psychiatric and Substance Abuse) Hospitals

Location: Baton Rouge, LA

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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 Size:

$5.1M

Jobs Retained:

303

Loan Approved:

2020-04-10

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.

Based on standard PPP eligibility rules, Mary Bird Perkins Cancer Center's total 2019 payroll expenses were approximately $24.49M in order to qualify for the PPP loan amount received.

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

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 / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: LA-06

Industry PPP Comparison Statistics

Nationwide, 1,042 businesses in the "Specialty (except Psychiatric and Substance Abuse) Hospitals" industry received a total of $329,966,547.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 26 employees, 91% lower than Mary Bird Perkins Cancer Center's reported 303 employees, and received an average PPP loan of $316,667, 94% 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, 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/mary-bird-perkins-cancer-center-baton-rouge-la