PPP Loan Data — Mitchell County Memorial Hospital, Osage, IA
Mitchell County Memorial Hospital is a non-profit organization located at 616 North 8th St in Osage, Iowa that received a Coronavirus-related PPP loan from the SBA of $2,480,100.00 in April, 2020.
$ PPP Loan Information
Mitchell County Memorial Hospital received a Paycheck Protection Loan of $2.48M through CUSB BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mitchell County Memorial Hospital's total 2019 payroll expenses were approximately $11.9M in order to qualify for the PPP loan amount received.
Based on their reported 246 jobs retained, this equals an estimated average yearly compensation of $48,392 per employee1.
Business Information - Mitchell County Memorial Hospital in Osage, IA
616 North 8th St
Osage, IA 50461
General Medical and Surgical Hospitals (NAICS code 622110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IA-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, 84% lower than Mitchell County Memorial Hospital's reported 246 employees, and received an average PPP loan of $491,002, 80% lower than this company's loan of $2.48M.
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Footnotes & Information
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