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PPP Loan Data — Memorial Hospital Of William F And Gertrud F Jones, Wellsville, NY

SBA PPP loan data, payroll data, and salaries for Memorial Hospital Of William F And Gertrud F Jones
NY Nonprofit Organization

Memorial Hospital Of William F And Gertrud F Jones

Entity: Non-profit Organization

Industry: General Medical and Surgical Hospitals

Location: Wellsville, NY

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Memorial Hospital Of William F And Gertrud F Jones is a non-profit organization located at 191 North Main Street in Wellsville, New York that received a Coronavirus-related PPP loan from the SBA of $4,541,220.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.54M

Jobs Retained:

450

Loan Approved:

2020-04-16

Lender:

COMMUNITY BANK, NATIONAL ASSOCIATION

Memorial Hospital Of William F And Gertrud F Jones in Wellsville, NY received a Paycheck Protection Loan of $4.54M through COMMUNITY BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Memorial Hospital Of William F And Gertrud F Jones' total 2019 payroll expenses were approximately $21.8M in order to qualify for the PPP loan amount received.

Based on their reported 450 jobs retained, this equals an estimated average yearly compensation of $48,440 per employee1.

Because the loan received by Memorial Hospital Of William F And Gertrud F Jones 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 - Memorial Hospital Of William F And Gertrud F Jones in Wellsville, NY

Memorial Hospital Of William F And Gertrud F Jones
191 North Main Street
Wellsville, NY 14895

Business Industry

General Medical and Surgical Hospitals (NAICS code 622110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-23

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, 91% lower than Memorial Hospital Of William F And Gertrud F Jones' reported 450 employees, and received an average PPP loan of $491,002, 89% lower than this company's loan of $4.54M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/memorial-hospital-of-william-f-and-gertrud-f-jones-wellsville-ny