PPP Loan Data — MEE Memorial Hospital, King City, CA
MEE Memorial Hospital is a non-profit organization located at 300 Canal St in King City, California that received a Coronavirus-related PPP loan from the SBA of $4,750,000.00 in April, 2020.
$ PPP Loan Information
MEE Memorial Hospital in King City, CA received a Paycheck Protection Loan of $4.75M through MECHANICS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, MEE Memorial Hospital's total 2019 payroll expenses were approximately $22.8M in order to qualify for the PPP loan amount received.
Based on their reported 359 jobs retained, this equals an estimated average yearly compensation of $63,510 per employee1.
Business Information - MEE Memorial Hospital in King City, CA
300 Canal St
King City, CA 93930
General Medical and Surgical Hospitals (NAICS code 622110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-20
Similar Companies near King City
In the King City area, 2 businesses in the "General Medical and Surgical Hospitals" industry received a PPP loan. These local businesses reported an average of 185 employees (compared to this company's 359) and received an average PPP loan of $2,423,586 (compared to this company's $4.75M).
Similar Nearby Businesses Who Received PPP Funding:
Big Sur Health Center Inc.
Big Sur, CA
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, 89% lower than MEE Memorial Hospital's reported 359 employees, and received an average PPP loan of $491,002, 90% lower than this company's loan of $4.75M.
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Footnotes & Information
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