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PPP Loan Data — Mayers Memorial Hospital District, Fall River Mills, CA

SBA PPP loan data, payroll data, and salaries for Mayers Memorial Hospital District
CA Nonprofit Organization

Mayers Memorial Hospital District

Entity: Non-profit Organization

Industry: General Medical and Surgical Hospitals

Location: Fall River Mills, CA

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Mayers Memorial Hospital District is a non-profit organization located at 24977 Curve St in Fall River Mills, California that received a Coronavirus-related PPP loan from the SBA of $2,421,900.00 in April, 2020.

The company has reported itself as a male owned non-profit, and employed at least 235 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.42M

Jobs Retained:

235

Loan Approved:

2020-04-27

Lender:

CORNERSTONE COMMUNITY BANK

Mayers Memorial Hospital District received a Paycheck Protection Loan of $2.42M through CORNERSTONE COMMUNITY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mayers Memorial Hospital District's total 2019 payroll expenses were approximately $11.63M in order to qualify for the PPP loan amount received.

Based on their reported 235 jobs retained, this equals an estimated average yearly compensation of $49,469 per employee1.

Because the loan received by Mayers 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 - Mayers Memorial Hospital District in Fall River Mills, CA

Mayers Memorial Hospital District
24977 Curve St
Fall River Mills, CA 96028

Business Industry

General Medical and Surgical Hospitals (NAICS code 622110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: CA-01

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, 83% lower than Mayers Memorial Hospital District's reported 235 employees, and received an average PPP loan of $491,002, 80% lower than this company's loan of $2.42M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/mayers-memorial-hospital-district-fall-river-mills-ca